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[Publication notice] Full Atlantic recovery will take time as some sectors struggle

Date: October 29, 2020

The Atlantic region continues its recovery from the biggest economic shock since WWII.

Atlantic Canada’s GDP will grow by 3% in 2021 according to APEC's annual Atlantic Economic Outlook, released today. A recovery in global markets will boost merchandise exports. However, a rebound in tourism revenues depends upon an easing of travel and border restrictions.

Government programs have helped cushion the economic contraction this year. However, Canada and the four Atlantic provinces face a long road back to balanced budgets.

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