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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.& T' v: i! a; o2 k
7 s- F& T+ |- gCalgary to have Canada's fastest growing economy this year, Conference Board says
* q& W8 I; k/ |$ h( O" y" i: 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."
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The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.) S, k7 J# \6 L3 U% `
% M6 K- H1 @0 j, q Y; ~' W"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 e. ]1 X" w6 ["With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
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' [; M% C# g$ V$ FThe "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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3 I3 J& Z7 P' [0 LIt 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.* x0 w! ]; n9 C ?* X$ B
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"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.0 ^3 ?: L, }$ M: d l- D* ?. A6 C' K
+ [- M! H# u- BOil price rises to 2-year high above $58 US on supply slowdown$ q7 u/ [6 {% _. ]1 R2 U
Calgary'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
