This quarterly economic forecast for the province of Nova Scotia examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Economic Forecast: Nova Scotia—Spring 2018
Provincial Outlook Economic Forecast: Nova Scotia—Spring 2018
Provincial Economic Analysis
$675.00
- Population gains from immigration will continue to make the labour market more dynamic.
- The provincial government keeps things simple with no major spending increases or tax cuts expected over the medium term.
- Business investment is facing steep declines this year as large projects are now completed.
- The closure of offshore natural gas operations is significantly weighing down GDP growth.
- The rapidly aging population and weak demographic outlook will hold back economic growth going forward.
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