This annual 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.
Recovery Will Come From Away: Newfoundland and Labrador’s 20-Year Outlook
Recovery Will Come From Away: Newfoundland and Labrador’s 20-Year Outlook
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A combination of declines in population and oil production will lead to miniscule growth over the long term in Newfoundland and Labrador. In fact, real GDP growth will turn negative beyond 2030.
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