The Conference Board of Canada is predicting a slowdown in Thunder Bay’s economic growth for 2015.
It predicts the Gross Domestic Product will grow by 0.7 per cent a drop from last year when we were up by 1.2 per cent. The board predicts activity at the city’s port and stronger construction output will help offset declines in primary and utilities and in the public sector.
Lakehead University economics professor Livio Di Matteo is even more pessimistic, believing our city’s growth will be slower than the board predicts saying the board’s outlook last year fell short of its original prognostication of 1.6 per cent. (Photo: lakeheadu.ca)
