BC CPAs Weigh In on the Economy
Business Outlook Survey shows that despite
challenges to business, optimism prevails
By Vivian Tse
I
n our 2014 Business Outlook Survey, we tapped into the knowledge of our members to
identify the challenges faced by BC businesses and to assess BC’s economic performance
and outlook. More than half of the professional accountants in BC who completed our
survey said they were cautiously optimistic about BC’s economic performance over the next
two years, and nearly one-third said they believe our economy will grow faster than the Canadian
average over the same two-year period. However, respondents also identified some ongoing
challenges that could hinder business success in BC.
The results of the 2014 survey are summarized below.
On the global economy
Given that the global economy continues to recover from the effects of the 2008 recession, it’s
hardly surprising that our 2014 survey respondents gave it mixed reviews.
Over half of the respondents who conduct business in Asia rated the current state of the Asian
economy as either “good” (46%) or “excellent” (9%), compared to 31% who described it as “fair.”
ALEXANDER
HOLBURN BEAUDIN &
LANG LLP
1/3 square
Those with business in Asia are generally
optimistic about the outlook for the Asian
economy, as 41% said they expect the economy
to improve o