Quebec will avoid recession: Desjardins

[ErickMontreal]

Quebec will avoid recession: Desjardins

 

The Gazette

Published: 50 minutes ago

 

Quebec will avoid slipping into recession because of tax relief, timely investment in infrastructure and strength in the aerospace industry, Desjardins Group economists said today.

 

The economy will grow at about 1 per cent this year and 1.7 per cent in 2009, they estimated, though Ontario is already in recession due to its heavy reliance on the declining auto industry, they said.

 

"The oil bubble could burst without warning, but a gradual decline to below $100 U.S. a barrel early next year is more likely, based on supply-demand fundamentals," they said.

 

http://www.canada.com/montrealgazette/news/business/story.html?id=323911f5-acef-425e-9033-97d771eeaa00