This quarterly economic forecast for the province of Manitoba examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
Manitoba’s Economy Can’t Escape a Second-Wave Hit: Manitoba’s Two-Year Outlook—December 2020
Manitoba’s Economy Can’t Escape a Second-Wave Hit: Manitoba’s Two-Year Outlook—December 2020
Provincial Economic Analysis
$705.00
- Manitoba coped relatively well during Canada’s first COVID-19 wave earlier in 2020, but the province is facing challenges with the resurgence of cases and the reinforcing of restrictions.
- The province’s real GDP, with a softer growth rate than that of the national economy, is expected to fall by 6.2 per cent in 2020, but it will gain 3.5 per cent in 2021.
- Manitoba, with its relatively diverse labour market, will see employment fall by a comparatively mild 3.2 per cent in 2020 and then rebound by 3.6 per cent in 2021.
- The robust agriculture sector will rise by 0.6 per cent in 2020 and by 1.9 per cent in 2021. Meanwhile, the struggling manufacturing sector’s output will drop by 9.6 per cent in 2020 and then increase by 6.0 per cent in 2021.
Customers Who Downloaded This Also Liked
8 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
