Demographic Headwinds Cloud Long-Term Growth
This quarter, we look at the effects of demographic and labour market dynamics, industry and government investment, and strengthening export markets on Newfoundland and Labrador’s medium-term economic outlook.
With real GDP cooling and demographic pressures remaining a challenge, what key sectors will provide vital support to the province’s economy during this period of continued uncertainty? How will the weakening population growth impact the labour market, residential construction, and consumer spending? What role will exports play in the overall outlook, and what is in the cards relating to business and government investment?
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