Despite Slowdown, Outlook Will Brighten: Nova Scotia’s Five-Year Outlook

cars driving across a bridge to Halifax at night

Despite Slowdown, Outlook Will Brighten: Nova Scotia’s Five-Year Outlook

Provincial
Pages:13 pages10 min read

Author: The Conference Board of Canada

$705.00

This quarterly 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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This quarter, we consider the effects of slowing global demand, elevated interest rates, and provincial population growth on Nova Scotia’s economic outlook.

How will interest rates affect employment growth and the unemployment rate over the forecast? Which key sectors will help boost exports? We share our forecast for Nova Scotia’s economy, including gross domestic product and the consumer price index.

Read the issue briefing to get our full analysis.

Key findings
Nova Scotia snapshot
Overview
Labour markets, income, and consumption
Business investment
Housing
Government outlook
Exports
Methodology

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