Provincial Outlook Economic Forecast: Saskatchewan—Summer 2019
The Conference Board of Canada, 50 pages,
August 24, 2019
This quarterly economic forecast for the province of Saskatchewan examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
- Real GDP at market prices will contract by 0.1 per cent in 2019 due to declines in investment and exports. Annual real GDP growth will average 1.7 per cent annually over the rest of the forecast period.
- Difficulties in the uranium and oil sectors are limiting economic growth, but potash production will partly offset these negative factors over the medium term.
- The unemployment rate is expected to fall below 6 per cent, starting in 2019.
- The provincial government will face challenges trying to remain in the black since revenue growth will be constrained by the weaker economic outlook.