Sustained Recovery Finally in Sight: Manitoba’s Two-Year Outlook

The Conference Board of Canada, 14 pages, September 10, 2021
Issue briefing
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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

  • After contracting by 5.3 per cent last year, Manitoba’s real GDP will expand by 5.7 per cent in 2021 and 4.3 per cent in 2022.
  • With the province’s reopening plan under way, we forecast solid growth in output and employment for the rest of the year, especially in the services-based industries.
  • Strong commodity prices and robust international demand for agri-food products have fuelled Manitoba’s exports this year.
  • Manitoba is suffering its driest year on record of the last century; the lack of rainfall has devastated the quality and yield of key crops.
  • With few new major investment projects announced, we forecast sluggish growth for non-residential investment and construction output over the next few years.

Table of Contents

Key findings
Manitoba snapshot
Overview
Employment
Consumption and income
Investment
Manufacturing
Agriculture
Trade
Government
Methodology

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