Growth Amid Strong Headwinds
Nova Scotia’s economy is set to expand by 1.4 per cent in 2025, above the national growth rate of 1.1 per cent.
What factors are set to impact Nova Scotia’s near-term growth trajectory? How heavily will decreasing population growth and the continuing U.S. tariff situation weigh on the province’s labour market and economic prospects over the outlook period? Can business and government investment provide a necessary boost in the face of a slowdown in non-residential projects and a sizable deficit?
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