 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.- ~' o* H9 {# y- g
0 B0 E+ A% ]' I& f, l3 u
"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.# I" X1 y1 |& v. b
! u# U% F7 `& U+ Q# t3 M: WCalgary to have Canada's fastest growing economy this year, Conference Board says* i0 Z R: a. {% m# v# w) `( m
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."
- I ^) l5 Z$ L& F
) | E5 A: Q3 g/ p0 V; IThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.4 S: E& Z+ q' f3 o
, \6 B, L: {; S$ l"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.# m9 {6 L' f) ^# o, K4 Z8 s$ l/ e
7 x3 }3 @2 T( t- Y"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
6 e) J; m6 [; h# U+ ]# ^& V1 L$ F8 W- _6 T
0 H7 q3 O& u5 |' \9 s+ ^! XThe "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.2 d, a0 H/ T: N
1 R- W8 ?# z/ D. n! l" mIt 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.
3 |* }) ?. L; E3 X/ V
9 ^$ e) A% T+ X5 d6 K8 V" A"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." B3 S v6 M- w9 B8 J/ s7 [' k/ Z4 ^
$ F( B, A7 P2 z: u
Oil price rises to 2-year high above $58 US on supply slowdown
' ~- O7 r8 Z9 r" _/ yCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|