Provincial Outlook Economic Forecast: Manitoba—Winter 2019

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

Real GDP growth will slow down from a gain of 1.9 per cent last year to 1.6 per cent in 2019 and 0.7 per cent in 2020.

Job losses in several sectors including utilities and mining will drag down overall job growth over the near term.

The Manitoba government still plans to balance the budget by 2024.

The trade deal with Asia has the potential to help Manitoba’s farmers although dairy farmers are unhappy with the agreement.