 鲜花( 0)  鸡蛋( 0)
|
Alberta's economy is on pace to grow by a blistering 6.7 per cent this year, far outpacing every other province, according to the latest forecast from the Conference Board of Canada.& L- f7 }2 j! ]
& ~5 J5 S. e# k. ~- ~
"Thanks to rising oil production and a swift turnaround in drilling levels, Alberta surged out of recession this year," Marie-Christine Bernard, director of the organization's provincial forecasting, said in a release Wednesday.
: ~; u" Q: J* y& T K$ w+ A5 }2 s9 G% J, ?( E7 h ~
Calgary to have Canada's fastest growing economy this year, Conference Board says
: F" p) J8 `7 d4 r- Z, k JThe report comes two days after a projection from ATB Financial that pegs real GDP growth at 3.9 per cent in Alberta for 2017, "which is likely to be the highest among the Canadian provinces."
3 L7 E" ]3 Y5 ]6 c7 K* v
k' |4 d7 _9 V2 g7 Y! J; [/ f; p+ ?2 fThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
$ X0 }0 D* T, G z/ n, ^2 s& S
"The domestic economy also performed well, as consumers who had delayed making major purchases during the recession flocked to car dealerships and retail stores," the report reads.
* Z; v% i, D' o
4 O, C6 T! r7 [( |& r"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more.") C7 a0 `' W' r
+ B0 p7 J2 l, m6 K( P
- w: B0 ]# ]0 U; kThe "booming growth" in 2017 comes after two years of economic contraction, and the Conference Board cautions that Alberta won't keep up that pace next year.8 G8 x- d" e- Y) @4 b& N @
5 s$ ]* F, ~6 J& q& y6 cIt forecasts provincial GDP to grow by 2.1 per cent in 2018, behind British Columbia's projected rate of 2.7 per cent and Newfoundland and Labrador's 2.4 per cent.
7 \; j; ?, P5 W- g0 r! I% [1 |4 m8 C! h# d7 A: g/ e
"However, recent strength in oil prices could help maintain the momentum in drilling and push economic growth higher over the near term," the report adds.
6 _" e V: P! x. K3 A X
0 G; G, \, d) N0 d% L" q# Y% S7 H3 j1 \Oil price rises to 2-year high above $58 US on supply slowdown
2 o9 Q& O4 G* S4 DCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|