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Saskatchewan Handling Pandemic Better Than Most Provinces: Saskatchewan’s Two-Year Outlook—December 2020 The Conference Board of Canada, 12 pages, January 11, 2021 Issue briefing

Saskatchewan Handling Pandemic Better Than Most Provinces: Saskatchewan’s Two-Year Outlook—December 2020

The Conference Board of Canada, 12 pages, January 11, 2021
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 by 4.9 per cent in 2020, but economic growth will mostly rebound in 2021 as a gain of 4.5 per cent is anticipated. The province’s labour markets have fared relatively well during the pandemic, as Saskatchewan has had the lowest unemployment rate of any province since August. Investment will drag down Saskatchewan’s economy this year, largely due to weakness in the province’s energy sector. Exports will decline sharply this year, but the strong advances in the agricultural sector will be a silver lining in Saskatchewan’s trade profile. Table of Contents Key findings Saskatchewan snapshot Overview Employment outlook Investment outlook Fiscal outlook Trade outlook Methodology

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 by 4.9 per cent in 2020, but economic growth will mostly rebound in 2021 as a gain of 4.5 per cent is anticipated.
The province’s labour markets have fared relatively well during the pandemic, as Saskatchewan has had the lowest unemployment rate of any province since August.
Investment will drag down Saskatchewan’s economy this year, largely due to weakness in the province’s energy sector.
Exports will decline sharply this year, but the strong advances in the agricultural sector will be a silver lining in Saskatchewan’s trade profile.

Key findings

Saskatchewan snapshot

Overview

Employment outlook

Investment outlook

Fiscal outlook

Trade outlook

Methodology

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