 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.
5 `" ?# t! }! e! z8 ~ ^, }- _' g& h
- y5 I+ w$ y/ D( j"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.
3 C. ], K" ?- g2 o2 G# h) m9 P5 @+ |: j! R
Calgary to have Canada's fastest growing economy this year, Conference Board says
4 d; _* Y* `7 P# R3 @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."
0 P; d# k" ]3 o* M+ k1 z+ V. e
% v4 n: w" f" M1 q U- NThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.$ ?, U( A* G% r- w/ l8 h6 U9 r
3 D6 x- L& k7 A"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 C4 ^0 S2 j% Q7 v1 Z' T: O
: O; l5 I/ R9 l4 ?& Y0 B7 M"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."* M7 t! ^ A- f; s/ E$ X$ m9 j4 E
$ w S! z: q- h6 o8 [7 {( Y
" L4 i7 ^3 P1 o/ R4 MThe "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.% A: _4 W3 c+ Y7 m
( K; `8 |% g( g5 ~1 L; o( P/ {
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.
' s6 J+ p4 y* z' _/ X# i% O
( ^0 f3 N4 d0 h3 O9 f( ]"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.! `! t1 S; o" m' B( `) F1 q1 R
) g& s# {. S% m6 p2 I/ W. u
Oil price rises to 2-year high above $58 US on supply slowdown
U4 ?; _+ ~" y0 A) h+ M6 {# uCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|