Light at the End of the Tunnel
While New Brunswick’s growth outlook has improved, the province still faces several structural and cyclical headwinds. Thus, near-term growth will remain moderate even as broader macroeconomic conditions gradually become more supportive.
Which structural factors will severely constrain the province’s long-term economic potential, and how does weaker population growth as a result of reduced migration levels factor into this? What is the impact of reduced population growth on residential and non-residential investment, as well as the ability to fill jobs? Which industries will be affected the most by the ongoing economic uncertainty?
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