In this quarterly report, we examine the economic outlook for Nova Scotia.
With Nova Scotia’s economy set to increase slightly, what is in the cards for population growth over the outlook period, and how will this affect employment rates and wage gains? Inflation has made encouraging progress, but with interest rates still elevated, when will household spending and consumption levels bounce back? What capital projects are in the pipeline, and are they sufficient to stoke a healthy level of business and government investment in the medium term? And what is on the horizon for key exports? We share our forecast for Nova Scotia’s economy, including GDP and labour market dynamics.
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