 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.
6 l& |3 r% z4 B* y- p2 j4 O7 j2 Z3 w8 P+ Q/ ]3 k# I
"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.
8 W" U3 W, O3 E
) F. O8 z$ q& x6 FCalgary to have Canada's fastest growing economy this year, Conference Board says5 x8 G8 x- v! ~/ W+ R5 a
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."
3 |& \+ f/ a ?% U. P* y$ W* i+ C
$ h+ n, |5 p* p& l) q; b$ H$ fThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.+ ^0 U6 l5 Q; }+ i% _: ~
, P/ u( m/ G. _% [6 U6 H$ U, R6 _5 o; 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.
1 m( f+ r) A3 O: p9 `7 k( S; J7 J% L8 s* M3 w7 D+ b7 {3 X
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."( G1 H9 i* O- r' R2 [' G9 B( u
, {; A8 z0 v: W$ U& ?, p
7 q0 A3 I+ O/ w1 W7 }: h% _- Y) W
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.
5 V4 _7 Q. h* f" U5 _2 I
7 m) V( q0 O) M7 w7 VIt 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.% F- h8 K( |! h) C5 {; ]$ O
: B2 l7 d4 Q, Q0 K: ]: z
"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 K- s9 a( E; q/ U8 t
1 s& ?. R7 t( j: A* m, O; b- mOil price rises to 2-year high above $58 US on supply slowdown
0 @8 ^; m( v( @) J* D9 CCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|