Quebec’s Two-Year Outlook—June 2022

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Quebec’s Two-Year Outlook—June 2022

Provincial Economic Analysis
Pages:15 pages23 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.

This document contains both the French and the English versions of the articles.

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Document Highlights

Having made large strides in 2021, Quebec’s economic recovery will slow this year. Real GDP is forecasted to grow by 3.4 per cent in 2022 and 2.6 per cent in 2023.

A lack of workers will limit employment gains in the second half of the year at a time when Quebec has some of the highest vacancy rates in the country.

Tight labour market conditions will fuel wage growth, which is expected to exceed inflation from 2023 onwards.

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