Pandemic Exacerbates an Already Bleak Outlook: Saskatchewan’s Two-Year Outlook—September 2020

The Conference Board of Canada, 10 pages, September 17, 2020
Issue briefing
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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.

Document Highlights

  • Saskatchewan’s real GDP will fall 8.7 per cent in 2020, but economic growth will pick up in 2021, with a gain of 4.7 per cent anticipated.
  • The unemployment rate is expected to average 8.7 per cent this year, driven up by an 11.8 per cent average in the second quarter.
  • Investment will be a major drag on Saskatchewan’s economy this year due, in part, to curtailments in the energy sector.
  • Exports will decline sharply in 2020 but will return to being a solid contributor to the province’s economy after this year.

Table of Contents

Key findings

Saskatchewan snapshot

Overview

Consumer outlook

Investment

Fiscal outlook

Trade outlook

COVID-19: Get all the insights

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