Modest Growth Outlook Tempered by Long Term Headwinds
Nova Scotia’s long-term GDP outlook is modest, dampened by population decline, a steady rise in the number of people retiring as the baby boom generation ages, and lower numbers of international migrants. Also weighing on the outlook is limited new investment activity, as economic uncertainty continues to weigh on business confidence.
How will the declining rate in natural population growth impact housing starts and which type of dwelling units will see an uptick? What is the expected boost to the outlook from investments by both the federal and Nova Scotia government? How do fiscal challenges weigh on the outlook over the forecast period?
Read the issue briefing to get our full analysis.
