 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.
# b8 q: U1 p n5 ~# f8 w7 o
C% ]! A: }6 `7 w0 W"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.- M: Z8 f G7 U0 w' D4 u% e& G
, l7 S9 i) y2 @6 d# r
Calgary to have Canada's fastest growing economy this year, Conference Board says! a. D, h. l3 i) ^5 F$ F% w3 J
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."
1 G8 i0 x& x: w F" U+ p1 j6 }# q$ L M" M k G6 z/ ~6 \5 p
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
: [9 F% U6 c9 P6 V; T' d. q. S5 q( _5 Y. F6 d
"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.
5 \! x5 v) ?9 w+ O8 F, W
9 G; z k9 Q# z% e# z"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."3 Z% x2 @' p" W, d% j9 o
K$ ` u% o* U$ i
6 O; A- Y" T, u/ x# b7 l% aThe "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.& m! S+ k7 e, |, g. s
% _4 L1 N- M( J3 O, kIt 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.
4 W. I5 D3 }# J; }9 ^5 N C: K8 u
"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.
; E5 o7 N% Q& H( v, X
6 g+ {1 P& y# p9 \+ XOil price rises to 2-year high above $58 US on supply slowdown5 z: d2 w( U I( g" a" p
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|