Provincial Outlook Economic Forecast: Manitoba—Autumn 2018

The Conference Board of Canada, 62 pages, December 20, 2018
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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

  • Economic growth will be moderate in the province over the forecast. Real GDP at market prices is set to grow at a compound average annual rate of 1.6 per cent from 2019 to 2023.
  • Mining shutdowns will act as a major drag on the economy.
  • Real business investment will grow substantially in 2019 but will take a hit as work begins to wrap up on the Keeyask hydroelectric generating station.
  • Demand for agriculture products should strengthen as emerging market economies—most notably, China—increase their consumption of Manitoba products.
  • Food manufacturing is a bright spot for the economic outlook as the province awaits the opening of Roquette’s new pea-processing plant and Simplot’s expansion of its operations in Portage la Prairie.

Table of Contents

RÉSUMÉ

EXECUTIVE SUMMARY

Manitoba

  • Investment in Capacity Is Key to Long-Term Growth
  • Consumer Outlook
  • Investment Outlook
  • Fiscal Outlook
  • Key Industries

Appendix A–Forecast Tables

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