Real GDP is forecast to rise by 0.6 per cent in 2024, with a more robust increase of 2.6 per cent in 2025. Growth is expected to sustain this rate, averaging 2.6 per cent per year from 2026 through 2028.
Will immigration once again be a main driver of growth in 2024? What effect might the recent agreement between the provincial government and the Canada Revenue Agency to secure half of the outstanding carbon tax amounts have on inflation? When will housing starts begin to rise to help close the gap between supply and demand? Will export opportunities continue to expand thanks to successful efforts to open international trade offices abroad? And will the province’s key resource industries show a downward or upward trend over the next five years?
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