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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.' u' `. x3 u+ Z. |
7 E) Z1 C/ Q3 ECalgary to have Canada's fastest growing economy this year, Conference Board says, h: _; m6 T% a: O. Y8 }
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.", s; L+ u0 g% w; R8 {7 }, Z
4 |# c" V6 d$ V# T+ qThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that./ u% Y& H# x3 O$ _; X
, ~6 i6 n8 Q) m( t- D& i"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.' A- E) Y7 E+ x# p
3 G( o- P" @; o1 p"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."3 S- a# q, F# ?7 y' x
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?9 ~2 T# H! }- OThe "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.( o) u* E8 o$ \* `6 _. R; n3 @; z
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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.
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" o, ^1 w9 u2 a0 P; X8 R' I' k"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.
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Oil price rises to 2-year high above $58 US on supply slowdown
7 y6 K2 U7 V* F( _; a+ \0 i) RCalgary'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
