2021 Economic Outlook for St. John's Released
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.