 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.* g' W" T }1 |% |. x3 P: u) o: O3 I
( Z. A; F9 X+ X2 W! b"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.& w7 Y' [( }3 q( V
7 ?' Y- n. i0 n: @0 d- G# YCalgary to have Canada's fastest growing economy this year, Conference Board says
f- [1 o/ F Y4 ]; K6 j/ r0 R: E5 jThe 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."1 Q; N6 f- G# g' v( l
7 s# y' \& K4 U+ i$ C! T- c
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
+ t" W% l: Q- [; q7 J
! {# V# M( P Z5 @/ s"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.
' ^' Z0 r- ^0 |, H& W+ B& E/ W: k9 l0 G* h
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."8 v- s ]$ _0 I2 a0 i+ r
: l) d& Y9 B3 i: ^( i( h" y' }
+ Z2 N: |4 O. N, E% s R, e! S
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.
' Y# P$ [- G# o2 U& ^7 F$ F! ^% }% x% ~4 {0 `4 g5 E+ d
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.% ?/ a- p2 [1 J! ? H, g2 z
8 P. K$ P' v2 i' r* `& X- G" j1 v"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 s' d/ o# L _' f9 m# S
0 w1 x8 d- s! y P. r* {Oil price rises to 2-year high above $58 US on supply slowdown
8 Y' {; [8 }& I4 G( cCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|