Statistics Canada released its Gross Domestic Product numbers yesterday which show that the Saskatchewan economy underperformed on expectations and forecasts of RBC Economics, CMHC, and the Conference Board of Canada, all of which estimated higher growth of between 4% and 4.8% for Saskatchewan in 2007.
According to the report, Saskatchewan’s economy grew by 2.8% through 2007, just a smidge higher than the national average of 2.7% and well below the other western provinces, which saw growth ranging from 3.1% to 3.3%.
“I think the Conference Board (of Canada) and all of the bank (economists) have been overstating the strength of Saskatchewan’s economy.
“We’re doing fairly well, but we’re not this powerhouse that everybody seems to think we are.”
Read the StatsCan report here.
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