Provincial Outlook Economic Forecast: Nova Scotia—Autumn 2017
The Conference Board of Canada, 76 pages,
January 2, 2018
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.
- Moderate growth is expected over the forecast period. The province’s economy is projected to grow by just 1.0 per cent in 2018 and 1.1 per cent in 2019.
- Population gains from immigration will help the labour force grow over the next two years.
- As the population ages, demand for health care services is increasing rapidly. The health care and social assistance sector will be the fastest growing sector of the province’s economy over the medium term.
- Business investment is expected to decline as large projects come to an end.
- The manufacturing sector will continue posting strong gains, fuelled in part by shipbuilding contracts.
Table of Contents
Nova Scotia—Moderate Economic Growth for Nova Scotia
- Labour, Income, and Consumption Outlooks
- Government Outlook
- Business Investment Outlook
- Trade Outlook
- Key Sectors
Appendix A—Forecast Tables