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 combination of negative migration patterns and an aging population will take a toll on the province’s labour force size in the long term.
Provincial migration is expected to turn negative once the pandemic is behind us, given the job opportunities in other parts of Canada.
Government finances will be impacted by an aging population as demand for health care and social assistance programs continue to ramp up.
There are no reviews yet.