Provincial Outlook Economic Forecast: Newfoundland and Labrador—Autumn 2016
The Conference Board of Canada, 28 pages,
December 22, 2016
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.
- Workers will continue to struggle as major projects near completion.
- Public sector austerity measures will constrain economic growth over the medium term.
- The unemployment rate will climb further over the next few years.