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.
Provincial Outlook Economic Forecast: Quebec—Autumn 2017
Provincial Outlook Economic Forecast: Quebec—Autumn 2017
Provincial Economic Analysis
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- Employment has surged in Quebec, with most of the new jobs being full-time positions. This will support household income into 2018.
- The added income will boost consumer spending this year, but an aging population will put a lid on growth over the remainder of the forecast.
- The recent surge in housing starts will fuel residential investment.
- As Quebec’s population ages, labour force growth will slow and keep the unemployment rate low.
- Exports are projected to perform well, but the threat of tariffs on two of
- Quebec’s major export products adds risk to the forecast.
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