 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.
- m- ~5 v: C" j! |4 S& q/ V7 a# n8 J2 H; ~
"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." ?. T! f1 l0 M+ d! @
% C& ~# Q6 n u; fCalgary to have Canada's fastest growing economy this year, Conference Board says3 g; k1 s. I* e1 Z* [
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."/ P0 m; K2 F6 g: H1 m; A, N
1 ?- p) W4 M9 z, _3 b8 YThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.9 V& g1 I6 q, r3 a
$ T) W' e" X ?# I"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.
8 h$ Z2 l3 \7 l0 w
+ y$ i$ A# s0 R8 `1 m2 U; H/ F$ A/ x"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
$ p" x9 r" ~; h; O# M8 @) I
* P2 _4 T5 }! Z; w0 L
( G% R7 o" q, LThe "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.7 H# ?4 U8 ~9 I% @7 S: q3 ^0 N( y
* t v' S4 [- @% C# CIt 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., [5 L! j0 J6 N @
% h( z, q& O) M0 v3 C
"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.; Q9 u6 \$ g. T0 ~' M
) | S, y+ h A4 w' M
Oil price rises to 2-year high above $58 US on supply slowdown, W I8 E. Z# K' @
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|