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Economic Viewpoint

Tough Times Ahead: A Look at Long-Term Challenges Already Being Felt

May 28, 2024
Jimmy Jean, Vice-President, Chief Economist and Strategist • Marc-Antoine Dumont, Senior Economist • Hendrix Vachon, Principal Economist • Francis Généreux, Principal Economist

Generally, we tend to focus our forecasting efforts on the current year and the next few years. But as we are on the cusp of a period of major upheaval—which is already happening to some extent—we should look a little further down the road. This Economic Viewpoint sums up our current thinking about the next few decades. Making precise forecasts isn't easy, because uncertainty increases the further ahead we look. But it lays the groundwork for future trends and major developments that could characterize the next few decades in economic terms.

NOTE TO READERS: The letters k, M and B are used in texts, graphs and tables to refer to thousands, millions and billions respectively. IMPORTANT: This document is based on public information and may under no circumstances be used or construed as a commitment by Desjardins Group. While the information provided has been determined on the basis of data obtained from sources that are deemed to be reliable, Desjardins Group in no way warrants that the information is accurate or complete. The document is provided solely for information purposes and does not constitute an offer or solicitation for purchase or sale. Desjardins Group takes no responsibility for the consequences of any decision whatsoever made on the basis of the data contained herein and does not hereby undertake to provide any advice, notably in the area of investment services. Data on prices and margins is provided for information purposes and may be modified at any time based on such factors as market conditions. The past performances and projections expressed herein are no guarantee of future performance. Unless otherwise indicated, the opinions and forecasts contained herein are those of the document’s authors and do not represent the opinions of any other person or the official position of Desjardins Group.