 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.
" z9 p# k4 K! S9 P1 E1 h2 S1 g+ L' F. U6 v7 ^5 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.9 u: G7 Y& L/ d8 q& k3 |
J2 O3 v) Y2 `: I! t1 ]
Calgary to have Canada's fastest growing economy this year, Conference Board says
8 B7 x5 E2 o @5 T& n5 g( wThe 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."* p! K: V2 a2 D- S. X- b z
S$ y$ f0 M2 X: r- h. UThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
" t1 l# G; C. U$ h/ G: A n
7 `# K* d1 R; D0 X1 d5 N% }: Q"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 f# \- R, ^" m* Y2 g# o; Q5 a; c3 W9 C4 v
2 z8 I. s; M# \0 W4 G5 X/ g
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more.") @7 W' V/ j. \/ ]! w1 |& l
/ c( \7 u4 i" c c
: l0 S0 c+ F$ C2 i7 x( m/ n% Y, v! @
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.
( ?7 l6 K' y1 v F6 D( s1 O
# R( s3 [7 c! w7 R- n* p# x' MIt 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.
, u! F7 F; x& c, t9 o# ^6 M, {" Q, d
* E* U" a% u1 ?$ |2 |"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.3 y: ]# p+ ?+ O8 ?. Y" K3 {3 B
9 B' V0 h9 T7 U$ |) A1 t
Oil price rises to 2-year high above $58 US on supply slowdown1 N) [8 E' H0 G" ]+ U
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|