Economy Expected to Slow but Avoid Major Downturn: Ontario’s Three-Year Outlook

Economy Expected to Slow but Avoid Major Downturn: Ontario’s Three-Year Outlook

Provincial
Pages:14 pages21 min read

Author: The Conference Board of Canada

$705.00

This quarterly economic forecast for the province of Ontario examines the economic outlook for the province, including gross domestic product (GDP), output by industry, and labour market conditions.

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Ontario’s economy is expected to slow down this year and only marginally recover in 2024.

What does this mean for employment and jobs growth? And as inflation and interest rates begin to ease off over the year, what will be the impacts on household spending and, in particular, on housing starts in a province with a growing population? 

Read the issue briefing to get our full analysis

Key findings
Ontario snapshot
Overview
Labour markets, income, and consumption
Business investment
Housing
Government outlook
Exports
Methodology

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