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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.* f+ A, x: Z4 C$ o7 N6 C& H
3 W# S" |) _; Y7 W0 H1 W2 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.
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Calgary to have Canada's fastest growing economy this year, Conference Board says# r2 _! I4 u. k
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."
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The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.( |' W' V& S; O
) N- D% b$ a8 R( d3 Y( D* Z"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.( n( n8 \5 e& H+ j3 k+ }+ W$ H
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"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."6 v h g9 f8 b. B& O, ]
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! ], A: J. w8 H+ ]4 G7 {6 {4 {# YThe "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.8 d" R3 O' ^& b; v f! D, S/ R
- D. J& V' N6 A$ i# D* l& RIt 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.
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"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.
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Oil price rises to 2-year high above $58 US on supply slowdown7 A4 \- B' p' g. ^1 h5 v
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
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发表于 2017-11-23 11:38
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发表于 2017-11-23 11:53
