Economy Challenged by Demographic: Quebec’s Outlook to 2045
The Conference Board of Canada, 19 pages,
March 23, 2022
This annual economic forecast for the province of Quebec examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.
- Quebec’s GDP growth will average 1.4 per cent over the long term.
- An aging population and a slowdown in labour force growth will weaken economic growth.
- Tight labour supply and productivity gains will allow employees’ wages and salaries to grow at a higher rate than prices.
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