Economy to Recover in 2024 but Growth Remains Sluggish: Newfoundland and Labrador’s Five-Year Outlook

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Economy to Recover in 2024 but Growth Remains Sluggish: Newfoundland and Labrador’s Five-Year Outlook

Provincial
Pages:14 pages20 min read

Author: The Conference Board of Canada

$705.00

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.

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This quarter, we consider the effects of an aging population, declining activity in the oil and gas sector, and cooling consumer price growth on Newfoundland and Labrador’s economic outlook.

How will government investments in health care and transportation affect the economy over the next five years? Are housing starts keeping up with household formation? We share our forecast for Newfoundland and Labrador’s economy, including gross domestic product and the consumer price index.

Read the issue briefing to get our full analysis.

Key findings
Newfoundland and Labrador snapshot
Overview
Labour markets, income, and consumption
Key Industries
Business investment
Housing
Exports
Methodology

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