 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." M' ~: v* G9 h' i1 D) \+ ?
Y& S7 R5 R" v- a* w/ G% A& ^: x
"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.
2 L* a8 U& D. y: v$ x" v! X0 `" b# B
Calgary to have Canada's fastest growing economy this year, Conference Board says1 F, L7 L/ t9 j1 M2 d
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."* M* }+ Q ]" o, R4 P
5 z7 l8 M* q" f7 q" m& d( EThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
4 s4 W" z3 P' S+ ^( Z
+ x. V0 H6 T- g7 o' l6 p"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.
& R, O5 D6 A3 ?2 Y: {8 @, q, n5 Q$ J: P2 ^ u
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more.". k) @1 a1 Y% L+ T! j% u4 _# d1 d
6 C2 @+ z8 t" f9 B6 w/ g' _/ f
/ Y" s1 R9 b# {6 A. y5 mThe "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.
K# K1 [) ~3 M/ n6 c) s8 m+ Q5 R& p& m3 {$ S& }1 [2 z
It 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' {# b0 y: W& J/ a
# J; z0 E7 N J+ ~1 ]/ U6 A"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.% N: p$ a& x: `0 Z5 u
" e+ L2 |- v2 [: k! D. OOil price rises to 2-year high above $58 US on supply slowdown, ~; c+ A) D, ]( @ D" W% C9 O, w
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|