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: Winter 2014
Provincial Outlook Economic Forecast for Newfoundland and Labrador: Winter 2014
Provincial Economic Analysis
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- Oil production will rise in 2014, but drop each year after that until Hebron begins producing.
- Much of investment growth over the medium term will come from the Lower Churchill project.
- Volatile iron ore prices have dampened near-term prospects in the Labrador Trough.
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