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.
Provincial Outlook Economic Forecast: Manitoba—Summer 2017
Provincial Outlook Economic Forecast: Manitoba—Summer 2017
Provincial Economic Analysis
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- Upcoming mine closures will reduce the mining sector in Manitoba to a fraction of its current size by 2021.
- The residential sector will benefit from strong housing demand and investment.
- Construction activity at Manitoba Hydro’s two multi-billion-dollar projects will peak this year.
- Employment growth will cool and is set to average 0.5 per cent growth per year from 2017 to 2021.
- Housing starts will increase by 2,452 units to 7,770 in 2017 and then cool to 6,370 in 2018.
- Business investment will decline annually from 2018 to 2021.
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