Optimistic Outlook as Economy Is Poised for Recovery: Newfoundland and Labrador’s Three-Year Outlook

This issue briefing examines the business and industry outlook for Newfoundland and Labrador for the next three years.

After being the only provincial economy to contract last year, will Newfoundland and Labrador’s real GDP grow this year and in 2024 and 2025? Will the continued delays in the return of the Terra Nova oil platform to production push the oil and gas industry’s recovery? What sector, if any, will be the driver of economic growth this year? After last year’s impressive population growth, will the province’s population also expand this year, and will it continue to expand, or decline, for the next two years. And what sector, if any, is promising to be a bright spot this year?

Read the issue briefing to get our full analysis.