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.
Provincial Outlook Economic Forecast for Newfoundland and Labrador: Summer 2012
Provincial Outlook Economic Forecast for Newfoundland and Labrador: Summer 2012
Provincial Economic Analysis
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- Offshore oil maintenance projects will limit economic growth in 2012.
- Investment levels will be very high in 2012 and 2013,as many projects are under way.
- Lower offshore royalties will result in a budget deficit for the next two years.
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