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Desjardins Leading Index

The DLI Slumps Again as Quebec Seems on the Edge of a Recession

December 7, 2022
Hélène Bégin
Principal Economist

After three straight months of substantial falls in the DLI, the signal is clear: the Quebec economy is in for a serious setback, and the first half of 2023 will be particularly rough. With nearly all of the indicators that make up the DLI in deeply negative territory, we can expect the economic contraction to be broad‑based. While real GDP has posted three sharp declines since March, it’s too soon to say whether the province is already in a recession.