Economy Impacted by Strong Demographic Headwinds: Nova Scotia’s Outlook to 2045

halifax skyline at dusk

Economy Impacted by Strong Demographic Headwinds: Nova Scotia’s Outlook to 2045

Provincial
Pages:15 pages

Author: CBoC Team

$705.00

This annual 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.

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In this annual report, we explore the far-reaching impact of evolving demographic factors, the uncertain business investment landscape, and slow growth in real wages on Nova Scotia’s long-term economic outlook.

How will Nova Scotia’s aging population and immigration dynamics affect consumer spending? What impact will the dearth of major capital projects in the medium term and slowing housing starts have on economic growth, and can the manufacturing sector’s healthy real output offset structural challenges presented by the province’s demographics?

Read the issue briefing to get our full analysis.

Key Findings
Overview
Demographics
Potential output
Investment
Housing
Consumption
Government
Trade
Industry
Methodology

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