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Provincial Outlook Economic Forecast: Newfoundland and Labrador—Summer 2018

The Conference Board of Canada, 71 pages, September 5, 2018
Report
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This quarterly economic forecast for the province of Newfoundland and Labrador examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Document Highlights

  • Newfoundland and Labrador will lead all provinces in economic growth in 2019.
  • The oil sector is driving the provincial economy, helping it expand by 4.9 per cent next year and preventing the decline of bottom-line growth this year.
  • Long-term prospects for the oil sector look positive with the possibility of the province’s first deepwater project on the horizon.
  • The labour market remains in a challenging position as more people leave the labour force each year.

Table of Contents

EXECUTIVE SUMMARY

RÉSUMÉ

Newfoundland and Labrador–New Opportunities in the Oil Industry

  • Consumption Outlook
  • Investment Outlook
  • Government Outlook
  • Trade and Energy Outlook

Appendix A–Forecast Tables

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