Coronavirus recession: B.C. economy could shrink 7-12%, analyst warns

British Columbia is headed into a potentially nasty recession, according to the latest analysis from the Business Council of B.C.

The organization’s latest 2020 forecast amid the novel coronavirus pandemic suggests the province’s economy could shrink between seven and 12 per cent.

“Both those numbers would be unprecedented, even the lower one, in terms of a decline in economic activity,” council president Jock Finlayson told CKNW Radio, Tuesday.

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