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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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"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. a/ S3 ?4 K: s+ J) }1 t' d# A
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Calgary to have Canada's fastest growing economy this year, Conference Board says8 ~4 w# G J/ k% o: L& C) }
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."5 H7 m/ O) d6 _8 J/ C+ N( m e
5 x7 Q+ _- t$ ^7 K# S( MThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.) w; Y* i T) U$ C4 U
0 S8 Q( w! A3 c5 p) y"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.; w( M F. \6 |) |0 {: o( i
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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.
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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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% u! J# G2 o5 v% e R"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" H8 M& J4 ^
) m P( g; }- |( }/ c& cOil price rises to 2-year high above $58 US on supply slowdown' d- T8 N! V7 T6 {6 w8 O
Calgary'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
