Halifax Partnership confident in city’s economic growth as we reopen

An annual report on economic and community progress says Halifax experienced a recession in 2020, but it was less severe than most Canadian cities

Today the Halifax Partnership released the 2021 Halifax Index, the city’s annual report on economic and community progress.  This year’s Halifax Index includes a special analysis on the impacts of COVID-19 on Halifax’s economy and recovery.

“Coming into 2020, Halifax was in a strong position, making progress towards Halifax’s long-term Economic Growth Plan vision.  But like most of the world, COVID-19 significantly impacted many aspects of our economy and community,” says Ian Munro, Chief Economist, Halifax Partnership.

Halifax experienced a recession in 2020, but it was less severe than most Canadian cities. Halifax has shown continued resilience throughout this difficult year and there are signs that economic recovery is well underway. Halifax had its second-best ever year for population growth while the latest forecast for GDP growth in 2021 calls for a rebound of almost 5%, following a contraction of 3.4% in 2020… [Read More]