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Tuesday, November 10, 2009

Economic Outlook for Province

Moderate growth is anticpated for the province by the Atlantic Provinces Economic Council. After watching several sectors struggle in this calendar year, APEC is predicting growth of 1.4%. Elizabeth Beale is President and CEO and tells CHSJ News, this recession didn't hit as hard as it could have but several industries including forestry continue to struggle.

Beale adds there are a lot of risks out there for the provincial economy including the U.S. market with most of our exports going in that direction.