Provincial Outlook Economic Forecast: Quebec—Spring 2018

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.

Document Highlights

Quebec will continue to ride out the momentum of a strong 2017, but growth will weaken in each of the next two years.

Unemployment is expected to average 5.5 per cent in 2018 and stay low over the forecast.

Household income will benefit from good labour market conditions and a balanced provincial budget, but consumer spending will be hampered by weakening economic growth.

Investment is picking up, finally putting an end to the deterioration in the provincial capital stock.

Exports will advance at a moderate pace, but tariffs and trade barriers remain a threat.