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Sustained Recovery Finally in Sight: Manitoba’s Two-Year Outlook The Conference Board of Canada, 14 pages, September 10, 2021 Issue briefing

Sustained Recovery Finally in Sight: Manitoba’s Two-Year Outlook

The Conference Board of Canada, 14 pages, September 10, 2021
Issue briefing

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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 After contracting by 5.3 per cent last year, Manitoba’s real GDP will expand by 5.7 per cent in 2021 and 4.3 per cent in 2022. With the province’s reopening plan under way, we forecast solid growth in output and employment for the rest of the year, especially in the services-based industries. Strong commodity prices and robust international demand for agri-food products have fuelled Manitoba’s exports this year. Manitoba is suffering its driest year on record of the last century; the lack of rainfall has devastated the quality and yield of key crops. With few new major investment projects announced, we forecast sluggish growth for non-residential investment and construction output over the next few years. Table of Contents Key findings Manitoba snapshot Overview Employment Consumption and income Investment Manufacturing Agriculture Trade Government Methodology

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

After contracting by 5.3 per cent last year, Manitoba’s real GDP will expand by 5.7 per cent in 2021 and 4.3 per cent in 2022.
With the province’s reopening plan under way, we forecast solid growth in output and employment for the rest of the year, especially in the services-based industries.
Strong commodity prices and robust international demand for agri-food products have fuelled Manitoba’s exports this year.
Manitoba is suffering its driest year on record of the last century; the lack of rainfall has devastated the quality and yield of key crops.
With few new major investment projects announced, we forecast sluggish growth for non-residential investment and construction output over the next few years.

Key findings
Manitoba snapshot
Overview
Employment
Consumption and income
Investment
Manufacturing
Agriculture
Trade
Government
Methodology

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