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Shifting Populations, Hopeful Expectations: New Brunswick’s 20-Year Outlook The Conference Board of Canada, 13 pages, September 21, 2021 Issue briefing

Shifting Populations, Hopeful Expectations: New Brunswick’s 20-Year Outlook

The Conference Board of Canada, 13 pages, September 21, 2021
Issue briefing

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This annual economic forecast for the province of New Brunswick examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions. Document Highlights The impact of the pandemic on New Brunswick’s economic growth was relatively limited compared with other Canadian provinces. Given an aging population and shortage in skilled labour workers, we forecast that real GDP will grow at a relatively constant average annual rate of 0.86 per cent from 2023 to 2040. Table of Contents Overview Demographics Potential output Investment Housing Consumption Government Trade Industry Methodology

This annual economic forecast for the province of New Brunswick examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Document Highlights

The impact of the pandemic on New Brunswick’s economic growth was relatively limited compared with other Canadian provinces. Given an aging population and shortage in skilled labour workers, we forecast that real GDP will grow at a relatively constant average annual rate of 0.86 per cent from 2023 to 2040.

Overview
Demographics
Potential output
Investment
Housing
Consumption
Government
Trade
Industry
Methodology

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