 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.
* A8 K% f' Q& P- r1 u& e& O) }) v/ L& H/ N4 e6 h x
"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.; e! S+ Q$ `0 H8 e# _ w1 i
3 e) X' @" O9 j; Z$ @# vCalgary to have Canada's fastest growing economy this year, Conference Board says
; w2 T$ r* w% l9 j2 [/ j' TThe 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."2 T- l& ]6 c+ S7 D3 e' o& p
9 c2 Y( A- ^; p0 d/ B C; E
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
7 ?* J6 c) m& }1 d+ m1 C! D0 s- m3 B( i. Z! K0 |5 @; A, 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.. q+ i5 G8 o) w! `
: m1 O G: y# P0 c"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."1 [6 Y1 O1 N, N( a% C. y7 G; a n" A6 z
1 x$ s4 W# v& c/ b" n* ~; l+ [# y7 z. x0 d
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.' \# l. ?2 Z% H
! h8 x9 _0 \' H* B. s7 T
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.
D* [; y7 v Z* B5 H* t8 [( w0 q. `" z
' _4 ] f X: V$ x, I4 g"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.
8 v; s, G. M+ N- E7 I
4 a/ f% Z6 z4 U0 F& l1 k* R" {Oil price rises to 2-year high above $58 US on supply slowdown, a% o) D; e* i5 U
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|