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dbt is not installed -- An error occured while initializing the dbt project: cannot import name 'DEFAULT_PROFILES_DIR' from 'dbt.flags' #1014

Answered by mdesmet
treefinger asked this question in Q&A
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This issue has been fixed a long time already in the extension (basically it is support for a very old dbt version). You are probably on a very old version of vscode that doesn't seem to self update. Please update or reinstall vscode and you should be able to update to the latest version of the extension.

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