 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.4 D9 ]2 u. h0 l" p) l
' z F! Y( Q. G9 [
"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.
6 r7 e/ L0 w: [3 ]( J
: x8 \7 r0 c" J" \/ Z! z1 u$ BCalgary to have Canada's fastest growing economy this year, Conference Board says0 m/ l5 h! A9 f0 D, G& O7 } y
The 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."5 r4 d: k! ^/ N3 y
% W& d: S) G6 W: r
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.3 ^4 t0 ]6 V9 Q# D$ G' b
' W; `: f, h6 F0 |" q
"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.- ]: D9 N) o( W6 l
|* k# y& E0 a8 ~5 h" j7 V
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."- K0 N1 s! V& v# }
: ~5 O% C/ `2 u2 D" q7 p
5 V5 u- C' _% D4 P6 Z4 HThe "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.
0 K) a- E5 x- {6 J/ C2 Y9 {
( }- _) a n G9 V# MIt 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.% D$ B6 M* X1 g. X! d. i
4 `. q% F! T# J* d
"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.
4 y" t) J4 Y: `, a" }) X8 t0 K3 X! D# Z! g' M
Oil price rises to 2-year high above $58 US on supply slowdown
7 V1 Q3 Z( ~% Z0 D) j: x/ ^Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|