This annual 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
Real GDP growth in Manitoba will slow over the forecast period and average less than the Canadian average.
As in the rest of Canada, Manitoba’s population will age. However, the province’s population is younger than the average, and the effects of aging will be less severe.
Consumer spending will shift more toward services, with services related to dwellings accounting for over a third of household spending by 2040.
Key growth sectors for the province include finance and insurance, noncommercial services, and construction.
A lack of planned resource projects in northern Manitoba is hurting the longterm outlook for investment and output.
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