Province's economic growth ahead of national average
May 5, 2015
After posting very modest 1.1 per cent growth in 2014, BMO is projecting 2.3 per cent growth in 2015 in Manitoba, third best in the country and much stronger than the national rate of 1.8 per cent growth expected this year. Other forecasts have indicated similar conclusions in their analysis.
"Last year's performance was weighed down by a big drop in crop production after a bumper year in 2013. With little direct exposure to oil and a diverse manufacturing sector, that would leave growth ahead of the national average for the third time in four years," said Robert Kavcic, senior economist for BMO Capital Markets.