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New Brunswick : Industrial Snapshot - Q4 2013

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New Brunswick : Industrial Snapshot - Q4 2013

New Brunswick faced economic challenges 2013. RBC Economics had originally forecasted real GDP growth of 0.8%; continuing weakness in energy, potash and metal exports, the forecasted rate was reduced to 0.3%. Currently, RBC Economics is forecasting a real GDP increase of 1.0% in 2014. This will be mainly due to the stronger performance from the mining sector with new start-up operations in Bathurst as well as stronger production with the expansion of the Sussex Potash mine in 2014-2015.

Source : Cushman & Wakefield

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