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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.8 x( b+ r6 O7 @& O4 E, c
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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.; R. X9 M7 c2 Y7 W- Y' A/ \
) B. r: m' |5 b) ZCalgary to have Canada's fastest growing economy this year, Conference Board says1 f# D/ n# o- Q2 g
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."
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The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.9 B5 n3 G6 R4 Q3 m4 }
- Z7 D7 x& u3 \% M& D8 K6 \; G"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.
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" S# x4 r) M( Q. W# K. Z"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
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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.
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) E# d c1 }) C6 DIt 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.+ V+ ?2 o& c- ?* \
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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.' b% ]5 o7 \; u- Y
7 W, u' o2 ~( M, T, H) E' E9 }Oil price rises to 2-year high above $58 US on supply slowdown
# G8 j9 C* ]+ ~* q1 g2 ?Calgary'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
