Consumers Will Drive Growth as Residential Investment Eases
Prince Edward Island’s economy faces a balanced outlook over the next five years. While some aspects of the economy, such as residential investment, will be net negative contributors to real GDP each year until 2030, others, such as non-residential investment and consumer spending, will help to maintain growth.
Despite a dramatically changing demographic picture, what are the main drivers behind a brighter outlook beyond 2026? How will slower population growth impact labour market conditions and wages? What challenges face P.E.I.’s agriculture industry?
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