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Currently displaying information released on: April, 2016
CURRENT ECONOMIC ENVIRONMENT AND OUTLOOK
The Economics and Statistics Division has revised its Current Economic Environment and Outlook report to include the latest outlook and information on Nova Scotia's economy and the global economic environment. The following are some highlights from the report:
HIGHLIGHTS
- From 2010 to 2014, Nova Scotia’s real GDP was virtually unchanged. Real GDP...
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CURRENT ECONOMIC ENVIRONMENT AND OUTLOOK - GLOBAL ECONOMY
The global economy in 2016 is poised for another year of modest growth, with the forecast from earlier in the year being revised down, in light of recent developments and slow solutions to ongoing issues. The International Monetary Fund (IMF) lowered their forecast from 3.4 per cent (January 2016) to 3.2 per cent (April 2016) for 2016. The persistently modest pace of recovery for five consecutive years, and declining growth in emerging market economies, are both playing roles in the outlook f...
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CURRENT ECONOMIC ENVIRONMENT AND OUTLOOK - UNITED STATES
In 2014 and 2015, the US economy grew 2.4 per cent per year. Consumer spending is growing at a faster rate each year since 2012. Residential investment increased as US housing starts rose to over 1.1 million and home prices increased. Business investment was generally positive outside the oil and gas sector. A strengthening US economy has lifted the US dollar relative to most of its trading partners lowering US exports, but enhancing trade opportunities for countries exporting to the US, such...
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CURRENT ECONOMIC ENVIRONMENT AND OUTLOOK - CANADA
Canada’s recovery and expansion from the 2009 recession depended heavily on investment in and exports from natural resources. This ended with the recent collapse in commodity prices, especially oil. Prior to the collapse, Canada’s recovery was disproportionately concentrated in provinces richly endowed with natural resources: Alberta, Saskatchewan and Newfoundland and Labrador.
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CURRENT ECONOMIC ENVIRONMENT AND OUTLOOK - NOVA SCOTIA
Nova Scotia Economic Outlook
Note: Forecast was made with data and information as of June 3, 2015.
Nova Scotia’s economy is projected to have grown by 0.8 per ce...
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CURRENT ECONOMIC ENVIRONMENT AND OUTLOOK
The Economics and Statistics Division has revised its Current Economic Environment and Outlook report to include the latest outlook and information on Nova Scotia's economy and the global economic environment. The following are some highlights from the report:
HIGHLIGHTS
- From 2010 to 2014, Nova Scotia’s real GDP was virtually unchanged. Real GDP...
View complete article..
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