Quebec’s Five-Year Outlook—December 2025

Quebec’s Five-Year Outlook—December 2025

Provincial Economic Analysis
12 min read

Author: Signal49 Research

$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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In the Slow Lane

Quebec’s economy is entering a period of slower and more structurally constrained growth as trade uncertainty, weaker demographics, and persistent labour market pressures intersect. These pressures are expected to intensify over the next two years as demographic forces shift. 

How will the recent federal and provincial migration policies to sharply reduce inflows of both non-permanent and permanent residents affect Quebec’s labour supply, potential jobs, and the healthcare an education sectors over the next five years? What are the key drivers of non-residential investment? Which industries will be affected the most by the U.S. tariffs and the ongoing economic uncertainty they are causing? 

Read the issue briefing to get our full analysis. 

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