Quebec’s Two-Year Outlook—June 2022

The Conference Board of Canada, 15 pages, June 14, 2022
Issue Briefing
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This quarterly 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.

This document contains both the French and the English versions of the articles.

Document Highlights

  • Having made large strides in 2021, Quebec’s economic recovery will slow this year. Real GDP is forecasted to grow by 3.4 per cent in 2022 and 2.6 per cent in 2023.
  • A lack of workers will limit employment gains in the second half of the year at a time when Quebec has some of the highest vacancy rates in the country.
  • Tight labour market conditions will fuel wage growth, which is expected to exceed inflation from 2023 onwards.

Table of Contents

Key Findings
Quebec Snapshot
Overview
Industry Outlook
Labour markets and Household Consumption
Methodology

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