 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.0 S* s/ b! W& ~$ v+ b
5 j( l3 q( I7 m( |* Y5 s1 c
"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.
8 K( P! s2 u" ~ A; O
W2 v4 U7 {- s9 o2 }Calgary to have Canada's fastest growing economy this year, Conference Board says" Z$ b2 \% p; u0 o; x) O5 u( q$ c
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."
* H1 D1 u" J$ K. x0 a0 n, J; e5 c& c% Z9 j) I8 C* b
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.2 b5 S3 z+ _/ a) ~& L
8 v* v/ g& ]4 b
"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.; O% ~5 o* m3 }4 C" A# d, `
: u, [0 e, k% f3 ?( J2 Y( r+ O% Q
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
1 ^; a+ J$ W4 }9 H H: Q2 ^* t5 p& |8 ~$ U5 T# ^( }
$ w4 k$ }$ j) g3 |' @) N" K( RThe "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.
9 X6 p8 Y) k) Z5 v. P- S8 ]- F
2 ?+ u& Q. k1 N( v4 U XIt 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.' g6 g# {2 P, I6 W, X& p1 B! ?
: M+ E2 P6 f$ L
"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 @- ]1 Y7 `$ v# u- G! _5 A
' h# o- k' y: X* aOil price rises to 2-year high above $58 US on supply slowdown
+ ^) g( @( u3 f! ]4 y z0 U% xCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|