Weakening Demographics and Economic Uncertainty Redefine Prince Edward Island’s Growth Path
The forces shaping P.E.I.’s economy are changing. After many fast years of being a top-performing economy due to strong immigration, a surging housing market, and unprecedented exports, the economy is pivoting from rapid expansion to steadier ground. The biggest observable change is demographic. After years of robust population growth, the recent slowdown has already created cascading effects throughout the economy.
How do factors such as trade uncertainty, decreasing population, weak wage growth, a slowdown in residential investment, and declining cop and animal production weigh on the Island’s economic picture over the medium term? Will major investment projects supported by the provincial and federal governments be enough to keep the non-residential sector afloat? Which industries will shape the province’s next chapter?
Read the issue briefing to get our full analysis.
