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.
Provincial Outlook Economic Forecast: Ontario—Summer 2017
Provincial Outlook Economic Forecast: Ontario—Summer 2017
Provincial Economic Analysis
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- The good news for Ontario’s economy will continue in the near term, with real GDP growth of 2.8 per cent in 2017 and 2.2 per cent in 2018.
- Household consumption will continue to support Ontario’s economy, advancing by 3.0 per cent in 2017 and 2.0 per cent in 2018.
- Government spending is expected to be robust over the next two years.
- Residential investment will level off this year and next.
- Ontario’s exports will strengthen this year and next.
- Business investment will rebound next year, thanks to stronger spending on non-residential structures and machinery and equipment.
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