Ontario’s long-term GDP outlook is supported by a diverse industrial mix, a foothold in several burgeoning sectors, and the ability of the province to attract international migrants. However, an aging population will create pressure in the labour market and on public finances.
What is needed to boost business investment and worker productivity? How will consumer spending patterns change in light of an aging population and reduced immigration, and what will the impact be on the province’s long-term GDP outlook? What are the structural barriers to long-term growth and what does the province need to do to foster innovation?
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