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Economic Viewpoint

How Is Quebec’s Economy Faring One Year into the Pandemic?

June 9, 2021
Joëlle Noreau
Senior Economist

In March 2020, like the rest of the world, Quebec was struck by the pandemic. Since then, the economy has been repeatedly put on hold as lockdown measures were put in place. You may be wondering how the economy is doing compared to February 2020. In this exercise, we will compare where Quebec’s economy was before the upheaval began to where it is one year later. We will draw parallels based on gross domestic product (GDP) data by sector released by the Institut de la statistique du Québec. The most important takeaway from this brief analysis is the surprising resilience of Quebec’s economy.