Dr. Herb Emery and others have long been making the point that even though New Brunswick went through a ‘lost decade’ it excluded the Moncton and Fredericton economies. And, for the most part, that is true. The same trend essentially happened in Nova Scotia but instead of a lost decade, the province had a ‘lost’ 12 years. Although the decline wasn’t as steep as in New Brunswick. Nova Scotia’s real GDP growth went from a fairly strong average of 2.5% per year between 1982 to 2002 to only 0.9% per year, on average, all the way through 2015. From 2016-2019 it had bounced back to 2.1% per year, on average. Halifax, during most of the lost 12 years was chugging along quite strongly.
What do we do everywhere else?
What do we do everywhere else?
What do we do everywhere else?
Dr. Herb Emery and others have long been making the point that even though New Brunswick went through a ‘lost decade’ it excluded the Moncton and Fredericton economies. And, for the most part, that is true. The same trend essentially happened in Nova Scotia but instead of a lost decade, the province had a ‘lost’ 12 years. Although the decline wasn’t as steep as in New Brunswick. Nova Scotia’s real GDP growth went from a fairly strong average of 2.5% per year between 1982 to 2002 to only 0.9% per year, on average, all the way through 2015. From 2016-2019 it had bounced back to 2.1% per year, on average. Halifax, during most of the lost 12 years was chugging along quite strongly.