Staff Writers
2021 Economic Outlook for St. John's Released
![](https://static.wixstatic.com/media/nsplsh_a43aa650f46c4c8d816a021b2bf75edb~mv2.jpg/v1/fill/w_147,h_97,al_c,q_80,usm_0.66_1.00_0.01,blur_2,enc_auto/nsplsh_a43aa650f46c4c8d816a021b2bf75edb~mv2.jpg)
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.