Lower Immigration No Barrier to Growth
Nova Scotia’s real GDP will grow by 1.0 per cent in 2026 before expanding by 1.6 per cent per year on average from 2027 to 2030.
The province’s population is set to contract over the next three years due in large part to easing international immigration. What factors continue to buoy Nova Scotia’s economy despite this challenge? How will the labour market and household spending levels be impacted by negative population growth and continued trade uncertainty? What is in the cards for business and government investment vis-à-vis economic growth in the near term?
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