This quarterly economic forecast for the province of Prince Edward Island examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Provincial Outlook Economic Forecast: Prince Edward Island—Summer 2017
Provincial Outlook Economic Forecast: Prince Edward Island—Summer 2017
Provincial Economic Analysis
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- High foreign demand for P.E.I. products will boost exports and keep manufacturing elevated.
- Strong housing starts will take most of the sting out of the dip in construction activity that will result when the Interconnection Upgrade Project is completed.
- Solid revenue growth will bring the province out of its decade-long deficit in 2017–18.
- The balancing of the budget provided the province with some much-needed wiggle room to raise spending targets for health care, social services, and education.
- No slowdown is expected after 2016’s banner year for tourism, as P.E.I. will remain a popular destination for tourists.
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