This annual 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.
Provincial Outlook Long-Term Economic Forecast for Quebec: 2013
Provincial Outlook Long-Term Economic Forecast for Quebec: 2013
Provincial Economic Analysis
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- Economic growth will slow in Quebec in the long term as the aging of the baby boomers and a fertility rate below the replacement rate weaken population growth.
- Real GDP is expected to rise at an average annual compound rate of 1.7 per cent over 2013-20 and 1.4 per cent from 2021 to 2035.
- Job markets are forecast to tighten up over the next few years as baby boomers gradually retire. Increasing labour shortages will lead to stronger wage growth in the province.
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