 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.
8 }$ V5 G& Y; ?' F" S
/ k' \8 Q, w. z0 M9 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.
0 h3 _( f/ x) d1 I, N; c4 T6 G* S7 _: \1 Q) p# o9 D1 _- u9 T
Calgary to have Canada's fastest growing economy this year, Conference Board says
6 {3 A, r" {+ Z% Q9 v: P# ^" NThe 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."8 g7 ~. x! D4 D X
( m& x0 n2 Y% U0 [The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
; B4 Q X8 L1 _' ] _
; |/ Z6 N: O& _# F; U3 K"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.
# E- E7 [1 S" D/ \+ q4 N2 w. b
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
B( a+ G4 f6 h% n5 E/ [$ {1 N l- I- S A
' z/ E2 u6 [0 m5 g: z( ~
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.2 J& M7 {$ s& ], k! l, C
7 C) i" ~8 O3 ZIt 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 `+ j7 H* {& ] @! J
7 p& f) _ \' b"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.% N/ {8 ]# J, d
% x- q' Z; [" E& U& {: \1 j; lOil price rises to 2-year high above $58 US on supply slowdown7 H0 |0 Y& b) [2 f3 d
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|