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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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) R! [- K& u' u5 _$ {# }' L"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.' E% R( N7 O: C9 R4 o
* [: a+ v" D8 e* M; Z4 K! zCalgary to have Canada's fastest growing economy this year, Conference Board says6 Z$ h; p D! K$ W
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."* o$ V+ Q" R. t0 a, f5 ]
, J# g1 a: r4 rThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.8 D7 ~# P8 j: [
) v5 w! @ u$ i6 F/ \"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.
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"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
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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.' ]" X9 K( H. r9 f3 s; A
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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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"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.# l" p! x3 \0 y2 V s
9 X8 }0 h6 B) |: l) H3 _Oil price rises to 2-year high above $58 US on supply slowdown
( x% m3 c7 k: t' CCalgary'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
