 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.
" s4 d" G/ L- ]( Y1 {! Y8 k' s" S/ c# O* ^
"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.6 c2 b' p' C& l% [# T# S% a
7 d* O* T( A8 |0 ~9 KCalgary to have Canada's fastest growing economy this year, Conference Board says
+ A- e6 J. a" d7 aThe 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."
2 z6 o! s; d; h& ` N" P: C7 h" c) j# M% f) y6 n8 j
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that., F- d/ x, J3 h, K& r
0 r- }! |# D, Q H
"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.9 S9 b: A+ {- j. H$ z
: }/ Z3 e# L. c1 d$ X$ w
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."3 @1 m7 [% j8 d1 k5 E/ k" f
. ]# Y# y! m4 Q3 b, r& ^
( ^' H. ^# G: J1 P4 n' J1 |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.: p2 P0 s+ |/ ^: `
5 P$ B1 Q3 P7 y* nIt 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.! A$ {" f5 m! Q2 k3 T6 p, e
& T5 D- C$ K# F
"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. ?+ U* A6 c- i7 r
: F4 J) L3 t) X; T; z# x& a5 @& G
Oil price rises to 2-year high above $58 US on supply slowdown
: t1 {$ |. v' f# s; D3 W: pCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|