Economic outlook downgraded, again

The Yukon government is predicting 1.7 per cent gross domestic product growth for the territory in 2014, compared with 1.3 per cent in 2013.

The Yukon government is predicting 1.7 per cent gross domestic product growth for the territory in 2014, compared with 1.3 per cent in 2013.

Just nine months ago Yukon’s economists were feeling much more optimistic.

In October they predicted 8.8 per cent GDP growth in 2014.

That was revised down in February to 3.3 per cent.

Now, as significant mining investments continue to be kicked down the road, so too does the forecast for a sunny economic future.

Officials have given a preliminary forecast of 4.5 per cent GDP growth in 2015.

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