The DLI Is Picking Up: Does This Mean Quebec’s Economy Is About to Bounce Back? May 2, 2024

The 's gradual turnaround after a long period of weakness is encouraging. If its upward trend continues for a few more months, it will be a more convincing sign of Quebec's upcoming economic recovery.

Last year, the province was hit hard, with real falling for three consecutive quarters. Two consecutive quarters of real contraction doesn't necessarily mean there's a recessionExternal link. . Recessions also require a significant, persistent and widespread slowdown of economic activity. Barring an unexpected relapse, the current cycle hit its lowest point in late 2023. More specifically, economic activity fell over 10 months, dropping 1.9% from its peak in February 2023 to its trough in December.