 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., N0 E# z* G' h; I! S
- }* r. _+ p" J- m) S; M$ B"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.& u- Z% C: {+ b5 a5 j% Y: @
( Z% p8 m7 t# hCalgary to have Canada's fastest growing economy this year, Conference Board says4 w& E+ \: r& r% A& `% I
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."
. J5 i" p2 s/ J( x- B4 }" K6 ` {
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
" y* T( Q4 N e0 g7 F
$ w, m% r4 | W: ]3 Y4 W- N"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.
7 h7 ` ]! {; z8 u! T1 [' y6 L3 H, h, d8 N9 W! G7 \2 Y" N& I
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
# s, S/ u' r2 l. F, m
, C9 ^3 ^6 j- g2 r
* S/ P. c+ Q1 o. P) o. W [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.
7 M6 v8 Z* ^& U; S0 J* g4 g* Q# n" b( m+ @+ P$ j# b) 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.9 K# X W+ o2 v3 D6 L; L& k
X0 p2 w9 G- d0 m6 Y. g1 b7 n1 m"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./ }- H# U" E- y; w
9 O5 D) F7 U* Z5 q/ v2 a5 v
Oil price rises to 2-year high above $58 US on supply slowdown
+ ~* r/ t) J. c! YCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|