Manitoba to Lead Pack: Bank

Summary


"Manitoba and Saskatchewan are breezing through the economic and financial crisis with an ease that must make other regions envious," said the report's author, economist Sebastien Lavoie.

Lavoie said he also doesn't foresee any major recessionary hangover for Manitoba in 2010. He predicts the province will tie Nova Scotia for the third-strongest GDP growth in the country at 2.2 per cent. The only provinces he expects will do better are Saskatchewan at 2.9 per cent and Alberta at 2.5 per cent.

"The recent step back in capital spending measures of cash-strapped U.S. states is a risk that could put a dent in Manitoba's manufacturing output," he writes. "Still, the road should be much smoother and stable for Manitoba than most provinces."

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Extract


Manitoba to Lead Pack: Bank

Only province that will show economic growth this year, report predicts

Manitoba will be the only province to post any economic growth this year and wil...

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