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Economic Outlook Gloomy for St. John's

July 30, 2017

The economic news for St. John's is not looking good. Economic conditions will continue to soften through 2017 


Unemployment in the city is expected to jump to 8.1 percent.


Household income is expected to drop.


This will have a negative impact on retail sales.


Mayor Dennis O’Keefe says while major projects continue to generate economic activity, it is lower than in previous years.
 

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