 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./ p5 e* p+ q! i z. y
( ^* ~- s' L6 L; a0 _2 m" o* R
"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., S8 q* l) |4 D
5 \6 i* l. u# W! W
Calgary to have Canada's fastest growing economy this year, Conference Board says
2 T: G- q( {, I4 HThe 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."
8 W( {9 G% d8 t/ @) W
* o& o/ {8 S: ? ~; @; a, B9 QThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
6 A+ L* P7 R A! S0 T E4 `
/ n9 z! {* _ E: M, t"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.
% A8 \4 U. O; U3 F! }
0 b- M& f {4 {0 f* ]! n8 ~# K"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
$ L1 ]) p) r( K7 @! w, a* P& N- Z+ ]& e: B" ]
6 ]: H( Y5 l4 r2 O8 X
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.
( [9 W# ^1 F8 X8 C6 I% W
6 _. a9 u# b" Q+ zIt 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.1 l% k8 ~; i( R3 B$ h
; Y1 y) @1 M& h5 g# ?6 O
"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.5 @) h/ b1 w/ Y p1 X8 M0 @7 C5 K
5 j4 q, z! z4 ~% k
Oil price rises to 2-year high above $58 US on supply slowdown, v- {) @+ F* O# a2 b5 D; J
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|