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Atlantic Business Outlook: Newfoundland and Labrador

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Date/Time
Date(s) - 30/03/2017
8:00 am - 12:15 pm

Location
Delta Hotels St John's Conference Centre

Categories


Thursday March 30 2017 • Delta Hotels St John’s Conference Centre • St. John’s, NL Canada

Overview

Newfoundland and Labrador is now just starting to emerge from a deep economic contraction brought on largely by the decline in oil prices, but, despite increased offshore investment, the domestic outlook is likely to be weak over the medium term.

Get the latest and most comprehensive economic analysis in the country to navigate this uncertain business climate. The Conference Board of Canada is pleased to present the first Atlantic Business Outlook Conference in St. John’s, including global, national, provincial and metropolitan perspectives.

Job losses, weaker wage gains, and higher taxes will limit domestic demand over the medium term. The provincial unemployment rate is expected to reach 17.3 per cent by 2018 as major construction projects wrap up and fly-in-fly-out workers return home. The provincial government is trying to get its fiscal house in order, so we can expect more public sector restraint over the medium term. Continued fiscal constraints will contribute to a slowdown in St. John’s in 2017.

Featuring the Conference Board’s Senior Vice-President and Chief Economist, Craig Alexander, and Deputy Chief Economist, Pedro Antunes, the Atlantic Business Outlook will provide business leaders and policy makers from across Newfoundland and Labrador with both a deep dive into the numbers and analysis of the factors underpinning the economy, including:

The demographic outlook and its impact on long-term economic growth.
The effects of the commodity price slide on regional growth, employment and incomes.
The impact of fiscal austerity at the provincial level on the economic outlook.
The implications of slow economic growth on provincial finances and capacity to fund public programs.

In addition to the Conference Board’s economic forecast for 2017 and beyond, attendees at the Atlantic Business Outlook will enjoy a lively panel discussion with some of leading business people in the province, along with a keynote address. This once-a-year Business Outlook promises to be the premier economic forecasting event in the province this year.

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