Quebec’s Five-Year Outlook—September 2025

Quebec’s Five-Year Outlook—September 2025

Provincial Economic Analysis
15 min read

Author: The Conference Board of Canada

$705.00

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.

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Slowing Momentum on Many Fronts

Quebec’s economy is entering a period of slower growth as trade disruptions, demographic shifts, and softer labour market conditions converge. 

As population and jobs growth falter, will slower population growth reduce unemployment and continue to buoy wages and consumer confidence? Will savings and wage growth provide some resilience to household spending? As major industries continue to face tariff levels that weigh on regional industries and export performance, will large-scale energy investments provide partial offsets?  

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