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.
Document Highlights
Real GDP growth will be weak in 2018, largely because of the major downturn in the uranium sector.
Economic conditions are forecast to improve, but declining business investment will hold down average real GDP growth to 1.6 per cent per year from 2019 to 2021.
Insufficient transportation capacity will limit the growth of the oil and gas sector and, therefore, of government coffers.
The potash industry is well-positioned to meet future demand with several large mines in various stages of development.
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