Brighter Days Ahead for the Land of the Living Skies: Saskatchewan’s Two-Year Outlook
The Conference Board of Canada, 14 pages,
March 18, 2021
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.
- After falling an unprecedented 5.2 per cent in 2020, Saskatchewan’s real GDP will rebound 5.4 per cent this year, with an additional 2.4 per cent gain forecast for 2022.
- Employment in the province will pick up sharply in the second half of 2021, and the gains will continue into next year as restrictions are lifted.
- After surging last year, the province’s agricultural sector will continue to be a key contributor to Saskatchewan’s trade performance.
- Investment is poised for a solid recovery, thanks to the housing and potash sectors.
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