Provincial Outlook Economic Forecast: Prince Edward Island—Spring 2018

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Provincial Outlook Economic Forecast: Prince Edward Island—Spring 2018

Provincial Economic Analysis

Author: Signal49 Research

$675.00

  • Thanks to solid population growth—the strongest in Atlantic Canada—residential construction and the financial real estate industries will bolster economic growth in 2018.
  • The Island will remain a hotbed for tourism with a record number of cruise visits expected this year.
  • Exports and manufacturing will continue to grow hand in hand as demand for P.E.I. products remains elevated.
  • Budget 2018 focused on maintaining the recently achieved surplus, while also making room for some minor tax reductions.
  • Going forward, a balanced budget will allow the province to increase spending on non-commercial government services.
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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.

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