Envision Saint John: The Regional Growth Agency ’s Post

Today, the New Brunswick Business Council / Le Conseil d’entreprises du Nouveau-Brunswick has released a report by David Campbell of Jupia Consultants Inc. entitled “Growing the export economy: Key to New Brunswick’s future prosperity” which calls attention to the significant decline of New Brunswick’s economic growth in recent years. The Fredericton Chamber of Commerce, The Chamber of Commerce for Greater Moncton | La Chambre de commerce pour le Grand Moncton and Saint John Region Chamber of Commerce welcome the new NBBC report as our chambers have equally encouraged decisive action and alignment of government policy to address pressing issues hindering economic growth within the province. This report has outlined the key trends of economic performance in New Brunswick and provided four guiding principles and three initiatives for immediate action. The intent is to propel the conversation concerning the reinvigoration of economic development in our province. The chambers of commerce of Fredericton, Greater Moncton and the Saint John Region stand ready to collaborate with all stakeholders in efforts of ensuring a future of sustained growth in New Brunswick. Read our Full Statement: https://bit.ly/3RFEC3J Find the Report: www.nbbc-cenb.ca/en/

We partnered with Aberdeen & Grampian Chamber of Commerce to launch the first North-east Quarterly Economic Survey. The survey benchmarks key indicators in the region’s economy compared with the wider UK. The survey found that the North-East is outgunning UK export growth, with companies performing better in international activities. Check out more key findings here: https://ow.ly/S6nz50PTuiy #ExportGrowth #BusinessSurvey #NorthEast

Ibec has just launched its latest economic quarterly report with inputs from the team including Gerard Brady, Hazel Ahern-Flynn and Fergal O'Brien. The analysis forecasts volume growth in domestic demand of 2.3% in 2024 and 3% in 2025 with a period of slower growth and business consolidation following a period of unprecedented expansion for the Irish export base and labour market. This change in trend has been driven by global economic conditions and is reflected in falling goods exports down 6% and slowing investment down 4% year to date in 2023. It is important to keep in mind that since 2019, the Irish economy has been exceptional amongst developed economies in terms of enormous growth in both exports and large-scale investments. This has culminated in the creation of 350,000 jobs, the strongest period of employment growth in the history of the State. #Ibec #EconomicOutlookQ42023 #ireland #economy  #IbecImpact

Earlier today, Ibec published our quarterly economic outlook providing an in-depth analysis of the Irish economy.   The analysis forecasts volume growth in domestic demand of 2.3% in 2024 and 3% in 2025.   We believe we are now entering a period of slower growth and business consolidation following a period of unprecedented expansion for the Irish export base and labour market. This change in trend has been driven by global economic conditions and is reflected in falling goods exports down 6% and slowing investment down 4% year to date in 2023. It is important to keep in mind that since 2019, the Irish economy has been exceptional amongst developed economies in terms of enormous growth in both exports and large-scale investments. This has culminated in the creation of 350,000 jobs, the strongest period of employment growth in the history of the State. However, the softening global picture will have an impact on the economy and is already being reflected in growing concern amongst Ibec members about competitiveness. Falling goods exports and slowing investment levels are two symptoms of the global slowdown which will persist in 2024. The full squeeze of higher interest rates on consumers and businesses is also yet to be absorbed. Our Economic Outlook Q4 2023 report can be downloaded in full below. 👇 #Ibec #EconomicOutlookQ42023 #ireland #economy #IbecImpact 

The latest from the Globe and Mail's business commentary, by Claude Lavoie: When Ottawa picks winners through industrial policy, the economy is the loser. Canada’s industrial policies of subsidizing industries are discriminatory and benefit particular sectors or regions at the expense of taxpayers and other industries.

FEATURED: Porcile and Lima present a traditional theme in the literature on the political economy of development, namely how to redistribute rents from traditional exporters of natural resources toward capitalists in technology-intensive sectors with a higher potential for innovation and the creation of higher-productivity jobs. https://lnkd.in/eTuNHPEQ

Scotland is a hub of innovation, entrepreneurial spirit and economic growth. According to a recent report from the HeraldScotland, confidence in Scotland's economy has returned with the highest UK export growth in over a decade. The growth in export has been driven by a rise in demand for Scottish products in the EU and USA, with exports to EU countries rising by 10.7% in the last 12 months. This growth is being helped by the strength of Scotland's technology sector, with exports of software products and services increasing by almost 35%. It's clear that Scotland's economy is on the up. With the highest UK export growth in over a decade, it's great to see confidence returning and businesses succeeding. Scotland is a hotbed of creativity, innovation and industry. #Scotland #Exports #Economy

Today’s report from The Scottish Government shows that through Team Scotland support, including our international arm Scottish Development International and more widely across Scottish Enterprise, companies are benefiting from help to export to boost our economy as well as sustain and deliver jobs. The evaluation shows that public sector support is effective and businesses are forecasting they are on track to deliver an additional £4bn of exports as the result of support they have received. Our own analysis of companies supported by Scottish Enterprise also predicts that this could grow to £8bn when we look at the last five years and that is really phenomenal. Of interest to me was the fact that the research shows that those who get more than one form of support fare better in terms of export sales, job creation and job security. That insight is very valuable and underpins our approach at Scottish Enterprise in supporting companies to scale and grow by increasing their innovation, investment and international activity. The results reflect the work of Scottish Enterprise as the main provider of services alongside Highlands and Islands Enterprise, South of Scotland Enterprise and Scottish Chambers of Commerce. The positive report also highlights the huge ambition of our companies to enter new markets and the incredible difference that business development and international support from Team Scotland is making to over 3000 businesses and the Scottish economy. Innovative, high quality Scottish products and services remain attractive to global customers and the Scottish Government Export Statistics Scotland 2021, also published today, reinforce that. Overall, there is an increase in value of Scotland's international exports of 6.2% in 2021 to £31.3bn. If you are feeling as energised as I am by this news and have ambitions to enter or increase your presence in new markets, then please reach out and engage with our international teams and partners as there’s much to celebrate for Scotland’s exporters now and in the future.

Further to Canada’s intractable, declining productivity; entrenched plantation economy; and dependence on #realestate speculation to paint over the problems. Nobody is arguing against #freetrade - for something different - because no lobby group exists. The 1988 election under Mulroney followed by Chretien accepting NAFTA means that it is accepted as done forever - stick a fork on it. Canada has a 73 cent dollar and falling GDP / capita. We destroyed #manufacturing, #innovation and infrastructure to dig ourselves out and lack an education system that could support correction if we somehow elected to change course from the trajectory of national wealth destruction.over three decades in the making. PS - no political leader in the country - federal, provincial or municipal - will change this: POSIWID.

The virtual IPEF Ministerial Meeting that took place on 14 March included an added element of transparency with the full texts of pillars 3 and 4 of the IPEF framework shared together with the full text of the IPEF Overarching Agreement (as they are not ratified, they come as "proposed texts"): - Proposed IPEF Clean Economy Agreement (full text) - Proposed IPEF Fair Economy Agreement (full text) - Proposed Agreement on IPEF (full text) The links are in the Press Release :