This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
Provincial Outlook Executive Summary: Autumn 2014
Provincial Outlook Executive Summary: Autumn 2014
Provincial Economic Analysis
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- It has been another difficult year for most provinces, especially in terms of job creation and business investment.
- Economic prospects are much more positive going forward.
- Lagging provinces are performing better and will continue to make progress.
- The strongest economic growth next year will be in Newfoundland and Labrador, Alberta, and Manitoba with real GDP growth of 3 per cent or more.
- While the economy is improving in a number of provinces, fiscal pressures remain and will limit the public sector’s contribution to economic growth in the near term.
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