Surprise on the Fiscal Front, but Challenges Ahead: Newfoundland and Labrador’s Three-Year Outlook

Document Highlights

This quarter, we examine the economic outlook for Newfoundland and Labrador, including gross domestic product (GDP), output by industry, and labour market conditions.

Newfoundland and Labrador’s real GDP will decrease slightly this year, but will it be able to rebound in 2023 and 2024? How will the province’s demographic outlook affect the labour and housing markets? Can the energy sector bounce back from this year’s decline?

Read the issue briefing to get our full analysis.