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.
Document Highlights
Economic growth will pick up steam over the near term due to a rebound in investment spending.
Weaker employment growth in 2019–20 will lead to slower gains in household spending.
Nova Scotia’s fiscal surplus for 2018–19 will be smaller than estimated due to weaker gains in income tax revenues.
Export growth should receive a boost from the free trade deal with Europe and from the new Canada–United States–Mexico Agreement (CUSMA).
