This quarterly economic forecast for the province of Saskatchewan examines the economic outlook for the province, including gross domestic product, output by industry, and labour market conditions.
Document Highlights
After falling an alarming 6.1 per cent in 2020, Saskatchewan’s real GDP will rebound 6.3 per cent this year, with an additional 4.2 per cent gain forecast for 2022. Employment in the province has picked up steam recently and will continue to rise, particularly if most business-related restrictions are entirely lifted by July of this year as planned.
In Natural Resources to Boost Recovery: Saskatchewan’s Two-Year Outlook, we forecast that investment in the province is poised to turn the corner, thanks largely to the natural resources sector. Saskatchewan’s relatively strong fiscal position bodes well for the province coming out of the pandemic.
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