[LabComm] REALITY CHECK

[BC NDP NEWSWIRE]

REALITY CHECK

What the Liberals aren't saying about the Economic Forecast

Finance Minister Gary Collins released the combined economic forecast of the government's private sector Economic Forecast Council.  

Here's what the Finance Minister didn't include in his spin:

 - If Gary Collins' forecast holds the average growth rate under his government will be 2.5 per cent.  That compares to 3.0% average yearly growth between 1992 and 2000 when the NDP was in power.  Growth in 2000, the last full year under the NDP, was 4.6%.

- Nine of the thirteen forecasts have economic growth lower in 2006 than the 2004 forecast by as much as 1.2 points and seven of the forecasts have growth for 2005 below this year's forecast.

- The Council also warns of the risks to their forecast including the high dollar and oil prices, softwood lumber dispute, cooling commodity prices, rising construction costs and tentative economic growth in the US.

Once again, Gary Collins and the BC Liberals can't be trusted to give the straight truth about their record.  The spin is good, but the facts tell a different story.

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