Economic Recovery Delayed as Growth Stalls: Newfoundland and Labrador’s Three-Year Outlook

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Economic Recovery Delayed as Growth Stalls: Newfoundland and Labrador’s Three-Year Outlook

Provincial
Pages:14 pages20 min read

Author: The Conference Board of Canada

$705.00

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

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Newfoundland and Labrador’s GDP is forecast to stall in 2023. What is the province’s GDP outlook for 2004 and 2005? The Terra Nova oil platform continues to experience delays. When will it begin production again? In the spring of 2023, a dispute between the Fish, Food, and Allied Workers Union and the Association of Seafood Producers brought the lucrative crab fishery to a standstill. What has been the result of this standoff and the temporary shutdown of the crab fishery? Which projects will impact the construction industry and will the industry flourish or diminish in the future?

Read this issue briefing to get our full analysis.

Key findings
Newfoundland and Labrador snapshot
Overview
Employment and spending
Mining
Fishing
Oil and gas
Construction
Investment
Methodology

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