Staff Writers
Sep 14, 20211 min
The economic outlook for St. John's has been released and things are looking up.
For the most part, the city has rebounded from COVID-19 shutdowns.
The number of housing starts is expected to increase by about 19.5%.
This year retail trade is expected to significantly increase due to an increase in tourist activity. Additionally, household income is expected to grow by 2.2%.
Real Gross Domestic Product is forecast to rise slightly.
Employment for the first seven months of the year has been weaker than expected.