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2021 Economic Outlook for St. John's Released

  • Writer: Web Writers
    Web Writers
  • Sep 14, 2021
  • 1 min read

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.



 
 
 

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