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.
This full report is available to APEC members-only.