Provincial Outlook Economic Forecast for Ontario: Spring 2012

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

• Fuelled by stronger economic conditions in the U.S., Ontario’s near-term GDP growth prospects have improved.
• The recovery in North American auto sales and solid demand for minerals will boost Ontario’s exports.
• Fiscal restraint will limit the public sector’s contribution to growth, but business investment will remain robust.