 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.' w" U. K8 H' O( l6 E4 u& b _
% ~# d h9 N0 e9 q. w
"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.
/ e1 v# I& Z2 n+ @. S
. Q1 C8 A& |; H& R- }9 \, LCalgary to have Canada's fastest growing economy this year, Conference Board says. @9 v' ^* J o% z+ 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."9 [5 C* k% E+ Q$ F7 u* h6 @9 y' `7 h
8 ^! `) L0 Q) H4 E! v$ TThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
6 w( M$ P+ E9 [
6 B; b. S6 F7 @# i& d& v7 h"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.
& Z6 v" [, h" @1 A8 _% P9 v- M$ T& w2 c
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."( V% U7 ]* W; z2 s7 ^# G
- v% V5 f. Z, p) \- ^7 A
! `+ Z) K- d4 i* h1 c n J( \& t
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.
, q8 `* f# p8 X0 |- y- S2 y% j0 v8 l5 l. {+ h! L1 |: f+ Z
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.
$ y/ n3 U9 R0 [: o9 T6 x
& T# c+ L0 ]( U4 a+ D"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.* Q1 k+ P* M, V% l4 F
7 [: `3 ~" U$ T' b% k$ n% U {2 ~" ~+ }Oil price rises to 2-year high above $58 US on supply slowdown
' w& B, i6 Y/ NCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|