Choose your settings
Choose your language
Quebec budget

Quebec: Update on the Economic and Financial Situation

November 25, 2021
Jimmy Jean, Vice-President, Chief Economist and Strategist • Mathieu D’Anjou, Director and Deputy Chief Economist • Benoit P. Durocher, Senior Economist

Quebec’s economic and financial situation has improved significantly since the March 25 budget. The vaccination campaign in the province has been running very well, meaning that many public health restrictions were able to be gradually lifted. Quebec’s economic growth therefore greatly exceeded the Canadian average in the first half of 2021, making it possible for the province’s real GDP to regain all the ground lost during the pandemic in the second quarter.