Quebec economy : sustained growth in the coming months, according to the DLI

The Desjardins Leading Index (DLI) lets believe that the Quebec economy will keep expanding at a moderate pace in the coming months. The most recent monthly analysis of the DLI was published May 15. In their May 18 Economic and Financial Outlook, Desjardins economists predict that Quebec real GDP will increase by 2% in 2017.

Moderate growth of the world economy in 2017

PMI surveys from IHS Markit indicate that the world economy expanded at a moderate pace in the first four months of this year.

https://www.markiteconomics.com/Survey/PressRelease.mvc/8f2bc4e8a08648c98b02173d4e39e361

Composite leading indicators from the OECD let believe that this trend will continue in the coming quarters.

http://www.oecd.org/std/leading-indicators/OECD-CLI-05-17.pdf

So, the IMF forecast of a 3.5% growth for world output in 2017 is still in the cards. Such a growth would be better than in 2016 (3.1%), and would be similar to what was achieved from 2012 to 2015.

http://www.imf.org/en/Publications/WEO/Issues/2017/04/04/world-economic-outlook-april-2017