The Sudbury Star is the City of Greater Sudbury’s daily newspaper.
New developments in the mining industry in 2013 will contribute to a predicted 1.7% growth in real gross domestic product in Sudbury, up from 0.6% in 2012, according to the Conference Board of Canada.
Sudbury was second from the bottom in economic performance of 28 census metropolitan areas last year, but the board is forecasting it will move up to 22 in 2013. GDP is a measure of the overall economic activity — the value of goods and services produced — within an economy.
Sudbury’s economy was held back last year by significant declines in several sectors, said Jane McIntyre, an economist with the Conference Board of Canada. McIntyre collects data for several cities, Sudbury among them.
In 2011, there was strong growth in the primary and utilities sector, mostly mining, as Vale recovered from the effects of a year-long strike by United Steelworkers.
Weaker metal prices last year, as well as the temporary shutdowns early in the year at Vale mines and the closing of the Frood portion of Frood-Stobie Mine at the end of the year, took a “chunk” out of that sector in 2013.