Recovery Moves Forward Despite Troubles in Agriculture: Manitoba’s Two-Year Outlook

The Conference Board of Canada, 14 pages, December 6, 2021
Issue Briefing
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This annual 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

  • Following the impact of the drought on agricultural production, and other trade-related challenges, Manitoba’s real GDP will expand 3.9 per cent this year—down from 5.7 per cent in our last outlook.
  • Manitoba’s labour market has been recovering at a faster than anticipated rate. The province currently holds the lowest unemployment rate in Canada, at 5.3 per cent.
  • Thanks to a gradual lifting of restrictions last summer, employment in the hard-hit accommodation and food services sector has expanded by 20 per cent since June 2021.
  • Mostly fuelled by a robust population growth, residential investment will remain elevated throughout the near term.

Table of Contents

Key Findings
Manitoba Snapshot
Consumption and Income
Investment and Construction
Key Sector Outlook

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