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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.
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j: B9 I" w' b; F"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.
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Calgary to have Canada's fastest growing economy this year, Conference Board says7 U. W: W/ O; P3 p
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."8 R" ]! B+ e! S6 M
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The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.0 ]* V# q6 i0 R7 g
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"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.: {+ n* l: e# i% @( V$ Q0 e
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"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."1 ^# `1 p t: Q; X- K
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The "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.- R+ v1 Q/ O/ W: Y# g7 e
- Z1 @9 z3 j# [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.
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"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.
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5 P; R6 F" Z. P, K3 x" S- BOil price rises to 2-year high above $58 US on supply slowdown
' z% g9 n! } I9 S4 iCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
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发表于 2017-11-23 11:38
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发表于 2017-11-23 11:53
