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Atlantic Business Outlook: Newfoundland and Labrador

Tuesday May 15 2018 Venue TBD St. John's, N.L.

Overview

Good news has been hard to come in Newfoundland and Labrador over the past five years. There are nearly 20,000 fewer people employed today in the province than there were five years ago. The weakness in the economy has occurred at the same time as provincial finances are strained by increased demand for public spending.

As oil prices stabilize, Hebron will give a double-digit boost to oil production annually over the next 2 years. At peak production, Hebron will produce 150,000 barrels per day for a total of 700 million barrels over a 25-year period. With oil production accounting for nearly a quarter of the economy, Hebron’s operations will help lift economic growth in the province to greater than 2 per cent in 2018 and more than 4 per cent in 2019.

However, prospects outside of the energy sector remain precarious. The end of megaprojects and the soon-to-be-completed Muskrat Falls hydro project will leave a void in the construction industry, despite ongoing interest in the offshore oil industry.

Get the latest and most comprehensive economic analysis in the country to navigate this challenging and evolving business climate. The Conference Board of Canada is pleased to present the second annual Atlantic Business Outlook Conference in St. John’s.

Featuring the Conference Board’s Senior Vice-President and Chief Economist, Craig Alexander, the Atlantic Business Outlook includes global, national, provincial and metropolitan perspectives. The session will provide business leaders and policy makers from across Newfoundland and Labrador with both a deep dive into the numbers and analysis of the factors underpinning the economy.

  • The demographic outlook and its impact on long-term economic growth.
  • The impact of fiscal austerity at the provincial level on the economic outlook.
  • The implications of slow economic growth on provincial finances and capacity to fund public programs.

In addition to the Conference Board’s economic forecast for 2018 and beyond, attendees at the Atlantic Business Outlook will enjoy a lively panel discussion with some of leading business people in the province, along with a keynote address. This once-a-year Business Outlook promises to be the premier economic forecasting event in the province this year.


The details of this event are subject to change. Please revisit this page periodically for updated information.


Full Agenda Available!

The full agenda for this event is now available.


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