Natural Resources to Boost Recovery: Saskatchewan’s Two-Year Outlook

The Conference Board of Canada, 14 pages, June 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 falling an alarming 6.1 per cent in 2020, Saskatchewan’s real GDP will rebound 6.3 per cent this year, with an additional 4.2 per cent gain forecast for 2022. Employment in the province has picked up steam recently and will continue to rise, particularly if most business-related restrictions are entirely lifted by July of this year as planned.

In Natural Resources to Boost Recovery: Saskatchewan’s Two-Year Outlook, we forecast that investment in the province is poised to turn the corner, thanks largely to the natural resources sector. Saskatchewan’s relatively strong fiscal position bodes well for the province coming out of the pandemic.

Table of Contents

Key findings

Saskatchewan snapshot

Recovery in bloom

Employment to pick up steam, supporting household recovery

Investment finally ready to turn the corner

Solid fiscal footing will help government navigate post-pandemic

Natural resources to lead the trade recovery

Methodology

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