This quarter, we look at the effects of inflation, higher interest rates, population growth, and other factors on labour market conditions and economic growth for P.E.I.
Will inflation and high interest rates slow P.E.I.’s GDP this year, or will population growth be sufficient to boost the province’s labour force, sustain retail sales and the housing market, and grow the economy? With the U.S. border closed to P.E.I.’s important seed potato exports since 2021, will exports of table potatoes be enough to sustain farmers through 2023 or will they rely on compensation?
We share our forecast for 2023 and three-year forecast to 2025. Read the issue briefing to get our full analysis.
Prince Edward Island snapshot
Construction and investment