 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.
% r+ Q r, ~, }+ u* S1 b
( S/ @: Y8 y& j4 n6 T+ ?* S"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.
7 {8 `, M7 D. |7 y% z" L q* e- Q# S$ I
Calgary to have Canada's fastest growing economy this year, Conference Board says
6 X. `( P, H. M; MThe 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."
( u. [3 U+ S8 i! q7 D) O( A1 w' J7 y" W4 h. l& ~0 T. G
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
8 l& _. O* z9 y# b/ X+ O( B
$ q+ e+ B4 F6 l' I6 z7 O; O"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.
, S' @* }- o; r/ H6 G3 o
1 n5 `; z; d' G9 | {/ {) D"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
3 w3 D/ Y5 o7 S! G2 H' Z
& z" i: o1 r0 _3 S" z3 ?* u
- u7 D' k# \" Z* k7 }$ pThe "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.& N4 P! _: R2 a8 c4 Z% \
2 p* }& j6 L7 WIt 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.
/ j7 @3 m' |5 f9 W3 z# e
$ `- R3 j$ ?2 p+ M8 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.
. \1 J% j5 \& q$ \) f9 O" Q- ?- l; m) ^$ Z9 _
Oil price rises to 2-year high above $58 US on supply slowdown
* Q( D- Y+ M# Z0 d8 \; e) WCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|