Weathering Economic Crosswinds
New Brunswick’s economic outlook for 2025 is muted, as ongoing trade tensions and external uncertainty weigh on export-oriented industries, particularly manufacturing. These pressures are likely to spill over into the broader economy, dampening investment and hiring activity. Demographic headwinds are also expected to weigh heavily on the province’s labour market.
Given a population decline and lower immigration targets, what are our projections for the province’s labour market and unemployment rate over the medium term? How will this factor into household spending and inflation? What impact will current and planned infrastructure projects have on the province’s fiscal prospects?
Read the issue briefing to get our full analysis.
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