Growth in Real Gross Domestic Product (GDP) Forecast

Newfoundland and Labrador

Forecast Agency
Date Completed
Real GDP Growth (%)
2019
2020
CIBC World Markets
09-Oct
 1.9
0.0
Scotiabank Group
05-Dec
2.0
 0.6
TD Economics
17-Dec
 2.0
0.7
BMO Nesbitt Burns
20-Dec
2.0
 0.2
Royal Bank of Canada
12-Dec
 2.0
1.1
National Bank of Canada
02-Dec
 2.1
0.5
Conference Board of Canada
05-Nov
4.5
 1.1
Private Sector Average
2.4
 0.6
Department of Finance
11-Dec
3.1
2.6
Forecasts accurate as of January 9, 2020

Economic and Project Analysis Division, Department of Finance – (709) 729-3255 – infoera@gov.nl.ca