Optimism Amidst a Momentary Slowdown: New Brunswick’s Five-Year Outlook—July 2024

Optimism Amidst a Momentary Slowdown: New Brunswick’s Five-Year Outlook—July 2024

Provincial
11 min read

Author: Meghan Eibner

$705.00

In this quarterly report, we examine the economic outlook for New Brunswick. We analyze demographics and labour markets, households and spending, investment, government surplus and strain, and trade and industry.

 

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In this quarterly report, we examine the economic outlook for New Brunswick.

The province saw record-breaking population growth in 2023, driven by net international migration. But what is the outlook for population growth from now until 2028? Will job growth slow down and what is forecast for New Brunswick’s unemployment rate? As the hindering effects of inflation and interest rates recede, how much will consumption improve? And will real GDP growth strengthen over the next five years?

Read the online experience for our full analysis.

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