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Quebec and Ontario Economic News

Quebec: Real GDP Rebounded in October, but Recession Still Looms

January 25, 2023
Hélène Bégin
Principal Economist

Real GDP rose 0.5% in October following a 0.3% decline in September. Despite this bounceback, industrial output remains below its March 2022 cyclical peak. Despite a resurgence in economic activity in October, Quebec could already be in a recession.