 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.
# x) [; {" ]3 R7 m: ^0 e( Z" z9 S: q2 Z7 ]& K
"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.
) M0 h; p, W) a" Y2 i" P
0 t( S( P- m- J6 ?3 D mCalgary to have Canada's fastest growing economy this year, Conference Board says7 y: O4 Z7 o5 I* g. y7 T* e
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."+ K: \' H) t9 t, a
+ j" i7 \! _# G0 g5 l) M( [" PThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
0 f* _8 }8 }5 Y! M5 X) f
7 X& T7 m2 E8 k7 E( z: q1 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.
& Z, E; @9 P6 c; Z) V: ]; C/ ^0 @( r. E$ ^3 G' s8 Y
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
1 Z. s1 B4 Y; W% J4 D! r6 T# i; R! t" {2 m
- Z: w+ {8 E8 _5 g/ c( d; n: \" O
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.8 y( N* h* N) l6 X
) Q( k( H: v. z/ a6 ?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.) O+ \8 m. N! }0 f0 W: c. Q
! |/ M Q. ?1 a6 E: l7 I( g! {- I
"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.
. `# d( N. N- z3 n: u2 T9 m2 F9 i. p: @1 H" _
Oil price rises to 2-year high above $58 US on supply slowdown
; R& ?2 h% `! m# d- K. ICalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|