Presentation by Helmut Pastrick (Chief Economist for Central 1 Credit Union) with many graphical aids summarized by the following points. The global economy shows sporadic signs of emerging from a slowdown. Oil prices are to remain low in 2015; post modest gains thereafter, U.S. economy poised to gain momentum; expansion to extend. Global economy is on improving trend from low oil prices and policy stimulus. Canada's economy hit by oil price plunge, prompting rate cut. Another BoC rate cut likely while U.S. Fed makes first hike. Lower CAD and improving external economies lifts B.C. economy. Kootenay labour market deteriorated mid-2013 into 2014; recent data show reversal underway. Population growth remains low; mixed performance across regional districts. Housing sales up in 2014, pricing flat. Monthly MLS sales showing gains into 2015. Investment spending at low levels. Region has potential for tourism, forestry, and met. coal mining expansion. Modest medium term growth prospects for Kootenay Region and housing market gains to continue.