Sailing Through Slower Waters
After expanding by 2.0 per cent in 2025, New Brunswick’s economy is projected to slow in 2026, reflecting weaker economic momentum. We forecast real GDP growth of 0.9 per cent in 2026, followed by a gradual pickup in activity as the economy stabilizes over the medium term.
Will longer-term constraints tied to demographics and productivity continue to cap the province’s economic potential? What is expected to support overall economic activity? How will reduced inflows of international migrants affect population growth in the near term? What is expected for the unemployment rate over the forecast period? And will CUSMA renegotiations add near-term uncertainty?
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