Investor Presentaiton

15 ECONOMIC OUTLOOK 2019F-2020F RESPONSIBLE PROGRESS | DECEMBER 2019 ✓ Forecasts reflect moderating growth in Canada, U.S. and China, which are Manitoba's key export markets ✓ Manitoba has a number of large commercial and industrial capital projects currently underway and recently announced that will offset some of the downward pressure Manitoba Finance Survey of Economic Forecasts (As at December 2019) 2019f 2020f Manitoba Canada Manitoba Canada Per Cent Growth Unless Noted (f= forecast) Real GDP 1.2 1.5 1.3 1.7 Nominal GDP 2.8 3.3 3.3 3.7 Employment 1.1 2.0 0.6 0.9 Unemployment Rate (%) 5.5 5.7 5.7 5.8 Consumer Prices 2.2 2.0 2.0 2.0 Manitoba

View entire presentation