 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.
+ P8 d: I0 y7 O7 I7 B, q5 a, M/ W& v- y, b! ^
"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.0 H/ ], Q0 e7 L4 a" J9 A2 n8 h
- Z: [0 z0 ?% ^; g! g% WCalgary to have Canada's fastest growing economy this year, Conference Board says3 t$ {3 n7 ?& y$ \6 G
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."+ x) n W; t8 p3 N W1 P, l7 |
: b1 q. F& s. s; u, g2 k4 u
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.! F- W' t/ @: O& f; R+ i0 L9 m# z: Q
+ H( U0 o1 j+ `% `! G3 d2 l
"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.
- V6 A4 k6 O3 O$ f+ U; N5 ?$ f
* E: A; i. m" A' { F. p* k$ S"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
% w' M. L9 R0 c+ F, b1 [/ p+ Q( |1 l7 d& f% D& u
7 s8 ]: r+ d) [5 @4 g2 L. [: G
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.* f7 Q: Q1 B+ |; m4 o# R
* z+ b) F8 j5 \2 i
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.1 ?+ e% Z! C0 j
& o4 x, t" J+ A5 T( H5 f& D
"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 P& G2 v% x2 o- \! e+ J/ }
9 Q( k' I: `% r6 Z$ FOil price rises to 2-year high above $58 US on supply slowdown- j( \. a: i5 o( f4 M4 c
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|