Growth in Real Gross Domestic Product (GDP) Forecast

Newfoundland and Labrador

Forecast Agency
Date Completed
Real GDP Growth (%)
2019
2020
CIBC World Markets
8-Apr
 1.7
-0.2
Scotiabank Group
12-Apr
 1.3
 0.9
TD Economics
14-Mar
 1.2
 1.1
BMO Nesbitt Burns
12-Apr
 1.5
 0.2
Royal Bank of Canada
14-Mar
 2.3
 0.4
National Bank of Canada
1-Apr
 2.9
 1.2
Conference Board of Canada
5-Feb
 2.7
 1.0
Private Sector Average
 1.9
 0.7
Department of Finance
4-Apr
 4.1
 0.2
Forecasts accurate as of April 15, 2019

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