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Desjardins Leading Index

The DLI Continues to Fall, Signalling More Trouble Ahead for Quebec’s Economy

March 1, 2023
Hélène Bégin
Principal Economist

The DLI is still down sharply, declining 1.8% in December, as the economy continues to face multiple headwinds. Interest rates keep going up, the housing market continues to correct and consumer confidence remains low. Meanwhile deteriorating SME confidence and signs of slowing global trade point to lower exports and investment. All in all, it’s shaping up to be a tough first half of the year for Quebec’s economy. Real GDP bounced back in October and November after several months of weakness, but it has a long way to go.