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

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.