Economy Challenged by Demographic: Quebec’s Outlook to 2045

The Conference Board of Canada, 19 pages, March 23, 2022
Issue Briefing
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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.

Document Highlights

  • 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.

Table of Contents

Key Findings
Overview
Demographics
Potential Output
Consumption
Housing
Investment
Government
Trade
Industry
Methodology

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