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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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"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 says. O# X+ y! {2 j* j. }
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."+ i$ E6 b F# r
) e/ x2 g* U0 Z. X* sThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
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' S7 i e: M+ Z, P0 e"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.3 j. E8 q. X& }/ j4 L
, y2 z1 F# S, M5 _"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more.") w# c1 Q0 f! H: q& O2 A1 L1 I# S
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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.- E( F$ k: k, o: S' x4 s4 }
' s/ m Z' Q' J- JIt 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.5 J; l. l) D% L; ~' D
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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.9 w0 b! J& v. {: p
( h! Q2 H* W' x8 h- M( eOil price rises to 2-year high above $58 US on supply slowdown
) D; ^' t' p9 {! u0 M8 oCalgary'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
