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Quebec’s manufacturing sector after the disillusionments of the 2000 decade

September 1, 2014
François Dupuis, Vice-President and Chief Economist • Joëlle Noreau, Senior Economist

The 2000 decade was full of upheavals for Quebec’s manufacturing sector; however, the post-recession period has yet to bring about any major changes. The hemorrhage in employment seems to have come to an end, but GDP is treading water. In the past three years, though, we have observed slight improvement in exports and in a general opening towards international trade. In short, the meltdown in this sector has, for the most part, cooled. Meanwhile, some major manufacturing countries, including the United States, have built new foundations for making a comeback after the shock of the financial crisis.