A new report shows the poor economic climate continues to make life difficult for regional economies

Infometrics' latest Quarterly Economic Monitor suggests economic activity in the first three months of 2024, was 0.3 percent higher than at the same point in 2023.

Infometrics Chief Executive Brad Olsen says current spending growth remains below inflation and population growth, as higher interest rates continue to bite.

He says the housing market also remains stalled, with higher listings and still-subdued sales as few buyers can access lending.