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—Winter 2018
Provincial Outlook Economic Forecast: Prince Edward Island—Winter 2018
Provincial Economic Analysis
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- Solid population growth—the strongest in Canada—will support residential construction and the financial real estate industries in 2018.
- The Island will remain a tourist hot spot in Atlantic Canada, with a record number of cruise visits expected.
- Demand for P.E.I. products will remain strong, boosting exports and maintaining solid growth in manufacturing.
- A balanced budget this year—the province’s first in a decade—will allow the province to increase spending on non-commercial government services and halt growth in net debt.
- In its second-quarter update for fiscal year 2017–18, spending has already seen increases of nearly $17 million in health care and $4 million in education.
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