Drought Contributes to Slow Recovery: Saskatchewan’s Two-Year Outlook

The Conference Board of Canada, 14 pages, December 15, 2021
Issue Briefing
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This quarterly economic forecast for the province of Saskatchewan examines the economic outlook for the province, including gross domestic product, output by industry, and labour market conditions.

Document Highlights

  • After decreasing by 5.2 per cent in 2020, Saskatchewan’s real GDP will expand by 3.8 per cent this year, with a larger growth of 4.3 per cent on the horizon in 2022.
  • A major drought this year has decimated the province’s agricultural output, which we expect to fall by 8.8 per cent this year.
  • Employment growth slowed over the summer, but a full recovery is in store for the middle of 2022.

Table of Contents

Key Findings
Manitoba Snapshot
Overview
Employment
Consumption and Income
Investment and Construction
Key Sector Outlook
Methodology

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