Plenty of Momentum in Canada’s Breadbasket: Saskatchewan’s Two-Year Outlook
The Conference Board of Canada, 14 pages,
August 27, 2021
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.
- After falling 6.1 per cent in 2020, Saskatchewan’s real GDP will rebound by 6.8 per cent this year, with an additional 4.6 per cent gain forecast for 2022.
- Employment in the province is still coming back from the difficulties it faced in 2020, but a full recovery is in store by the end of this year.
- Investment is poised to turn the corner, thanks to a bright outlook for the potash and housing sectors.
- Crop exports will be held back by this summer’s hot, dry weather, but energy exports will pick up the slack.
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