Economy to Cool Despite Hot Population Growth: New Brunswick’s Three-Year Outlook—July 2023

This issue briefing examines the business and industry outlook for the Province of New Brunswick for the next three years.

New Brunswick saw robust population gains of 2.5 per cent in 2022, its highest rate on record. But will that growth continue in 2023 at the same impressive rate? Will both the labour force and employment grow as well? Will the several major projects under way sustain the construction industry this year, and will this continue into the next few years? In addition, will wage and salary growth per employee keep up the pace after hitting its peak of 7 per cent in 2022? Read the issue briefing to get our full analysis.