Provincial Outlook Economic Forecast: Manitoba—Autumn 2018
The Conference Board of Canada, 62 pages,
December 20, 2018
Report
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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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