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Provincial Outlook Economic Forecast: Saskatchewan—Autumn 2018 The Conference Board of Canada, 63 pages, December 20, 2018 Report

Provincial Outlook Economic Forecast: Saskatchewan—Autumn 2018

The Conference Board of Canada, 63 pages, December 20, 2018
Report

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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 Real GDP growth will be weak in 2018, largely because of the major downturn in the uranium sector. Economic conditions are forecast to improve, but declining business investment will hold down average real GDP growth to 1.6 per cent per year from 2019 to 2021. Insufficient transportation capacity will limit the growth of the oil and gas sector and, therefore, of government coffers. The potash industry is well-positioned to meet future demand with several large mines in various stages of development. Table of Contents RÉSUMÉ EXECUTIVE SUMMARY Saskatchewan Economy at the Mercy of Supply-Side Factors Consumer Outlook Investment Outlook Fiscal Outlook Trade Outlook Key Industries Appendix A–Forecast Tables

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

Real GDP growth will be weak in 2018, largely because of the major downturn in the uranium sector.
Economic conditions are forecast to improve, but declining business investment will hold down average real GDP growth to 1.6 per cent per year from 2019 to 2021.
Insufficient transportation capacity will limit the growth of the oil and gas sector and, therefore, of government coffers.
The potash industry is well-positioned to meet future demand with several large mines in various stages of development.

RÉSUMÉ

EXECUTIVE SUMMARY

Saskatchewan

Economy at the Mercy of Supply-Side Factors
Consumer Outlook
Investment Outlook
Fiscal Outlook
Trade Outlook
Key Industries

Appendix A–Forecast Tables

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