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The commencement of full production at Deep Panuke offshore natural gas facility, combined with renewed strength for manufacturing exports is setting the stage for the province’s moderate gains of projected real GDP of 2.0% for 2014 (RBC). Strong export sector performance – up 9% to date – was the highlight of Nova Scotia’s 2013. Paper, fishing and manufactured seafood products were the key contributors (TD).
The first full year of production from Deep Panuke, combined with increasing strength in energy exports are expected to boost the province’s trade gains for 2014, which RBC expects will balance slower domestic performance.
Source : Cushman & Wakefield
