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Economic Viewpoint

Is Quebec’s Potential Economic Growth Still around 1.5%?

March 9, 2020
François Dupuis, Vice-President and Chief Economist
Mathieu D’Anjou, Deputy Chief Economist • Hendrix Vachon, Senior Economist

Quebec’s real GDP growth has been 2.5% or better in the last three years. This remarkable performance is due to several factors, including a housing market that is in a better position than elsewhere in Canada, a more diversified economy, Quebec’s improved public finances, and an acceleration in U.S. demand. The Canadian dollar’s depreciation and ongoing low interest rates around the world may have also helped.