This online experience examines Nova Scotia’s five-year outlook. Real GDP is forecast to rise by 1.4 per cent in 2025, slightly lower than the 1.8 per cent seen in 2024. Overall, real GDP will hover around 1.5 per cent from 2026 onward, lower than the national growth of 2.0 per cent.
Population dynamics weigh heavily on Nova Scotia’s economy. Will the gains observed since 2021 continue or decelerate over the outlook? Will real household spending remain sluggish over the forecast? Will business investment improve or weaken over the outlook, and what is the outlook for residential investments? And will the demand from key sectors in the economy, such as seafood, auto parts, and food manufacturing, help to boost exports between 2025 and 2029?
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