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.
Document Highlights
Economic growth will be moderate in the province over the forecast. Real GDP at market prices is set to grow at a compound average annual rate of 1.6 per cent from 2019 to 2023.
Mining shutdowns will act as a major drag on the economy.
Real business investment will grow substantially in 2019 but will take a hit as work begins to wrap up on the Keeyask hydroelectric generating station.
Demand for agriculture products should strengthen as emerging market economies—most notably, China—increase their consumption of Manitoba products.
Food manufacturing is a bright spot for the economic outlook as the province awaits the opening of Roquette’s new pea-processing plant and Simplot’s expansion of its operations in Portage la Prairie.
There are no reviews yet.