Dark Clouds in the Distance but Bright Spots Remain: Nova Scotia’s Outlook to 2045—April 2024

Dark Clouds in the Distance but Bright Spots Remain: Nova Scotia’s Outlook to 2045—April 2024

Provincial
Pages:15 pages11 min read

Author: The Conference Board of Canada

$705.00

This annual 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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In this annual report, we forecast the trajectory of Nova Scotia’s economy over the next two decades, considering demographic trends, the investment outlook, and the prospects of the province’s industries.

To what extent will international and interprovincial migration offset Nova Scotia’s declining rate of natural increase in the population? How will an aging population affect consumer spending, housing starts, and government finances? We share our long-term outlook for the province, including labour market trends and prospects for export growth.

Read the issue briefing to get our full analysis.

Key findings
Overview
Demographics
Potential output
Investment
Housing
Consumption
Government
Trade
Industry

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