Aging Population Presents Problems: Nova Scotia’s Outlook to 2045

Name: Aging Population Presents Problems: Nova Scotia’s Outlook to 2045
SKU: 11536-0405-WEB
Availability: InStock

Canadian Economics

March 15, 2022

Provincial Economic Analysis

Pages:17 pages28 min read

Author: Signal49 Research

$705.00

This annual economic forecast for the province of Nova Scotia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Real GDP growth in Nova Scotia is expected to be relatively sluggish over the long term, with average annual gains of 1.2 per cent forecast between now and 2045.

Changing demographic patterns will keep potential output growth modest, affecting all areas of the economy.

Subdued growth in real wages and the rising number of retirees with their reduced spending power implies that consumer spending growth will be limited over the long term.

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This annual economic forecast for the province of Nova Scotia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Document Highlights

Real GDP growth in Nova Scotia is expected to be relatively sluggish over the long term, with average annual gains of 1.2 per cent forecast between now and 2045.

Changing demographic patterns will keep potential output growth modest, affecting all areas of the economy.

Subdued growth in real wages and the rising number of retirees with their reduced spending power implies that consumer spending growth will be limited over the long term.