We estimate that real GDP growth in Quebec will be 1.2 per cent in 2025 and will average 1.6 per cent between 2026 and 2029. However, the province’s fiscal position remains fragile, with an $11-billion deficit projected for 2024–25 in the fall budget update. Healthcare costs continue to rise, and a shrinking taxpayer base could constrain future revenue growth.
How will stricter migration policies and slower population growth impact Quebec’s labour market and unemployment trends over the medium term? What are the main factors shaping consumer spending and inflation in Quebec, and how are they expected to evolve in the coming years? How will challenges in residential and non-residential investment, along with fiscal constraints, influence Quebec’s economic outlook through 2029?
Read the issue briefing to get our full analysis.
There are no reviews yet.