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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.
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"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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: G8 R U; e: H& @/ y! s& ~Calgary to have Canada's fastest growing economy this year, Conference Board says% E) G1 `- B+ F1 }" x/ f
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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* E2 J9 D) ]" K; j) |The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
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B1 @, }8 e$ Z7 P, ~- M( ~"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.
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8 x' p7 H1 q0 @* S1 b: B"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."+ A* g# U7 `2 q8 `
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: y, k2 N+ S: [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.
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2 p/ @2 Z+ E7 e7 G) w1 ]7 C& OIt 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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/ d/ a) \7 W6 ?7 Z7 D"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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6 F( E6 `$ Y3 T4 }) A8 y5 \) QOil price rises to 2-year high above $58 US on supply slowdown
f: F. O8 n2 ?2 G/ ]& V8 ]9 WCalgary'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
