 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.
! r3 \% S# ~( ~5 c( ^' _+ A6 ~1 J9 d; [7 E( S1 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.' H$ p+ _2 K: ?) ^, }
, U. ?6 o8 o9 ~Calgary to have Canada's fastest growing economy this year, Conference Board says
9 \) j% L8 i: M1 b; e* ?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."1 K z( q+ E+ o0 `
% x: t& g$ @+ d% G4 YThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
- C1 M- \8 t0 w5 d' S' O7 M S& ]9 d" Y/ R1 q
"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.. ?$ ?5 q5 v3 G' P; A! h6 P6 @
9 g0 m& M) Q( ]) H"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."" O0 F5 A& w2 v' A$ Y# ^( \
" x5 w( T" ~5 \% S( I0 t- l
& X9 I1 l) y# H- _6 k6 b8 @
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.
; |3 V$ l1 A; r! Q$ t. E6 t7 I3 a: u) A# O a* L
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.
8 F( X$ q" `2 @7 {
0 V7 _1 }. |( K* U/ K7 ^' M"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.
1 m/ y) `% w* C/ `$ Y
5 l& D: K. J& l' m6 p* X- B7 AOil price rises to 2-year high above $58 US on supply slowdown# r9 C& q7 ?# d/ }9 q3 B
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|