Housing Markets Provide Cushion for Risks: Ontario’s Two-Year Outlook—March 2022

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Housing Markets Provide Cushion for Risks: Ontario’s Two-Year Outlook—March 2022

Provincial Economic Analysis
Pages:14 pages23 min read

Author: Signal49 Research

$705.00

This quarterly economic forecast for the province of Ontario examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions. Ontario’s real GDP will expand by 3.8 per cent this year and 3.4 per cent in 2023. Inflation will remain elevated in the near term, putting a dent in real household spending. Employment in the province experienced a setback in January but is poised to bounce back quickly.

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This quarterly economic forecast for the province of Ontario examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Document Highlights

Ontario’s real GDP will expand by 3.8 per cent this year and 3.4 per cent in 2023.

Inflation will remain elevated in the near term, putting a dent in real household spending.

Employment in the province experienced a setback in January but is poised to bounce back quickly.

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