 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.
, ]5 }, @( u: s
5 j8 @. \$ f2 z"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 |6 B8 }: m3 D. ]3 T1 d/ u9 R" g' y# J: G8 k* D$ F$ d( |
Calgary to have Canada's fastest growing economy this year, Conference Board says9 V) _6 \2 ^+ 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."
2 Q. @7 ]5 G8 Y5 G6 f: A2 v( W. u& i' l, A, T6 S* w
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.; H" t4 q* H/ `
, T/ Y7 B* v2 l. u"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.
( E7 L7 ]6 S% J. w4 i
# S1 V% @; c! U9 ]* Y A"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
8 R$ m3 x; _+ n/ T, B2 Z h4 _6 w# A! O
6 A- _7 v* \$ m& x* A
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.
. {5 j0 z+ d0 e* ~1 s4 |2 } f1 g3 q
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.* T& p) U: g' q! X( R9 z
/ I, O% ], K4 F"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., ~$ J5 {- d, x1 b+ j
- G; T% L1 }. T6 Q$ B& t% n
Oil price rises to 2-year high above $58 US on supply slowdown x( g4 [. H K
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|