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Vancouver Economy Report February 2021

Signs of recovery, but who is left behind?

Vancouver Economy Report February 2012 | Signs of recovery, but who is left behind?


 
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In this issue

  • Economic Snapshot: illustrating the state of Vancouver’s economy including exclusive city-level job stats.
  • Latest Rankings: how Vancouver’s economy is performing according to global rankings.
  • Industry Profiles: high-level overviews and check-ins on the crucial manufacturing and tourism & hospitality sectors.
  • Emerging Sectors to Watch: featuring esports and advanced air mobility (AAM).
  • Traditional Economics: Growth is a quick explainer on a traditional economic goal.
  • 21st Century Economics: Inclusive Growth explains why this mindset is a necessary step to achieve shared prosperity.

The economic fallout of the coronavirus pandemic reveals the links between the many systems that make up the global economy.

Healthcare, transportation, logistics and distribution, the household, kinship groups, education, and even the built and natural environment are interwoven on a local and planetary scale.

 
The Vancouver Economic Commission (VEC) has spent many years focusing on research, business and economic development activities for the technology, creative, green and impact industries, including startup support, high-impact investment attraction, and policy advocacy. We also carefully monitor the health of other major industries: tourism, manufacturing, agriculture, trade, construction, natural resource, education, and the creative industries, to name a few. The health of these industries is crucial to the wellbeing of our region.

With every part of the economy straining to weather the pandemic, this crisis has spurred an unprecedented level of collaboration, reprioritization and discussion in the economic development ecosystem on how to work more closely to provide relief at every level, and to every community. This is a perfect moment in time to question the goals of economists and economic development while urging ourselves forward: are economists and economic developers focusing on the right questions? Monitoring the right metrics? Are we thinking like 21st century economists?

Who have economists and economic developers left behind?
Who are we continuing to leave behind?

Download a copy of the report today
 
Published: February 25, 2021

 
 

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