Economy Challenged by Demographic: Quebec’s Outlook to 2045

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Economy Challenged by Demographic: Quebec’s Outlook to 2045

Provincial
Pages:19 pages31 min read

Author: The Conference Board of Canada

$705.00

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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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.

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