Major City Insights: Québec City—June 2021

The Conference Board of Canada, June 8, 2021
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In cities across Canada, economic recovery from the devastating impact of the COVID-19 pandemic depends largely on the vaccine rollout and containing the spread of the virus. The hardest-hit sectors of the economy—particularly those that depend on people gathering in public—will take longer to recover.

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Document Highlights

  • Recent spikes in daily COVID-19 cases and a return to stricter lockdown measures do not bode well for Québec City’s economic growth for the first half of 2021.
  • But easing case counts and restrictions in the second half are forecast to support an overall bounce-back in real GDP growth of 5.6 per cent for the year as a whole.
  • We expect both output and employment to return to their pre-pandemic levels by the third quarter of this year, supported by a strong recovery in services industries such as the accommodation and food sector.
  • Fait saillants

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