Provincial Outlook Economic Forecast: Quebec—Winter 2018

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Provincial Outlook Economic Forecast: Quebec—Winter 2018

Provincial Economic Analysis

Author: The Conference Board of Canada

$675.00

  • GDP growth is forecast to slow from its booming 2017 pace, but will still be stronger than over the 10 previous years.
  • The unemployment rate will average 5.2 per cent in 2018, the lowest it has been in more than 40 years.
  • The pressure of tighter labour markets will feed into wage growth, which will beat inflation by one percentage point on average over the next two years.
  • Exports will benefit from strong foreign demand, but uncertainty about the future of NAFTA is weighing on the sector.
  • The housing market will cool off in line with demographics, but a spike in housing starts at the end of 2017 will sustain residential investment through the first part of 2018.
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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.

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