 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.
( Q; ~' J6 M( z# g H; D2 N2 C% A" u% s9 M- c4 i3 ~
"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.9 \& m$ _7 e u9 c# c9 a
; B: C0 J: @7 o- _8 p. ACalgary to have Canada's fastest growing economy this year, Conference Board says
: \! V; u; J& DThe 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."# R& Y: h: x! N# I
4 h$ S" l8 n& e1 N
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
) O2 r3 e& o/ I# d6 C" q$ }1 _" q+ B
"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.
1 Z& N3 z5 V7 p: |+ R$ X" @$ @8 z; ]3 J j6 q% r$ \7 Z' n
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."; n9 S8 U, Q1 x T
1 e$ w7 @1 C% s+ ~1 F( P( [( O% o: j" P! p
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.
! b" q, T3 } H3 T* P0 P/ K5 U) H) Q% [
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.6 |+ D) {. o: P$ v M# n
& V+ |0 \7 r& m) t: p" S' I, W
"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.
+ e7 E. w9 n" {2 K, s8 d2 S
( U3 R& |6 p* ] mOil price rises to 2-year high above $58 US on supply slowdown
$ [6 n9 W$ H( B! LCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|