 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.
; }" A. b! y4 b- U9 x" g: \& X
3 Z) C5 B4 h, w4 ["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.
B( |$ P# ~: }* f
: f% A2 n* w8 l- ICalgary to have Canada's fastest growing economy this year, Conference Board says8 F; a% Y! U% A* 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."
! |! d: S) m" ?4 q" w/ e: W
( M1 K% t% p% R9 i( h( S* @6 ^( \The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
9 J2 j! u) }# Y0 f, V9 Q
' e) D* g: C) I# c7 j" t& M"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.
6 A! G3 Z( o) J( y# {% P
( O- J6 b7 K0 u8 J2 O, `* n"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."+ N& |. Y) L' C5 L' n+ U& N3 @
& z/ q. i$ M' O; ^% n" C
: \9 R3 |" v" lThe "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.% x7 V; C4 f9 ?% ~% K. d
+ v8 ?2 B' N$ iIt 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.; L) S6 c" j4 t( Y7 M( b7 D
) ^; \* B! _# c p8 q! k
"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./ v# f% X* o# b% w1 Z3 \( ?4 W
+ e4 P2 Z, S- q
Oil price rises to 2-year high above $58 US on supply slowdown
' U; N( u4 j1 d' \) ^Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|