Atlantic Business Outlook: Newfoundland and Labrador

After five difficult years, there is some good news for the Newfoundland and Labrador and the City of St. John’s in 2018 and 2019. The start of production at the new Hebron offshore oil field late last year will lift growth in real gross domestic product (GDP) in Newfoundland and Labrador and St. John’s to 2.5 per cent this year. Beyond that, however, prospects are grim. Employment has been declining steadily, and the provincial population itself stopped growing last year.

The Conference Board of Canada will dig deep into the international, national, provincial and St. John’s outlook at the second annual Atlantic Business Outlook, featuring Craig Alexander, the Conference Board of Canada’s Senior Vice-President and Chief Economist.

In addition to the latest and most comprehensive economic analysis to navigate this challenging and evolving business climate, this Atlantic Business Outlook will shine a fresh spotlight on one of the keys to future prosperity—innovation.

The Conference Board of Canada will present the new findings of its Innovation report card, and Paul Preston, the Conference Board of Canada’s Director, Science, Technology and Innovation Policy, will lead a discussion on Newfoundland and Labrador’s innovation potential.

The annual Atlantic Business Outlook promises to be the premier economic forecasting event in the province this year.


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