This quarterly economic forecast for the province of Prince Edward Island examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Economic Forecast: Prince Edward Island—Autumn 2017
Provincial Outlook Economic Forecast: Prince Edward Island—Autumn 2017
Provincial Economic Analysis
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- This fiscal year, the province is poised to balance its budget for the first time in a decade.
- No slowdown is expected for Island tourism, as visitors continue to flock to the province.
- Strong demand for P.E.I. products is bolstering manufacturing.
- One area of weakness that is hampering the economy is non-residential construction, which will take a hit as work on the Interconnection Upgrade Project wraps up.
- Strong population growth—the strongest in the Atlantic region—is boosting residential construction and will take some of the sting out of the drop in non-residential construction.
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