 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.- c s/ x0 u, R) K' G z) _' q0 D" u
9 ~1 c1 O6 v6 m( s# k6 c- J1 L
"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.
2 ?) o' u/ m0 G. c. [8 ~9 {9 D
+ `' P+ t$ r4 k" c( DCalgary to have Canada's fastest growing economy this year, Conference Board says6 C; A e5 X+ K0 O b
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."' @' t2 Y; c P( L/ p
: M3 f! G4 e# [7 w: a
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.$ M) g( y: h* E2 L/ g
4 u6 L/ |7 x* F) q"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.: F1 h5 q& }4 Q8 c$ r" N
; {( v' L7 B j+ J9 j2 D
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."" f! @( ~7 c) g- F- I* G; ^
5 f) ]9 F* x2 V9 {% U
. N2 r! k: T% TThe "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.. L3 I; `/ o( I, o0 ?4 Y: k" M9 y( W
, Y# t, _$ g* Z$ x# f$ ?# u1 Z
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.
. \3 i4 N+ U4 v0 i# L# g8 x, O- T1 B, X1 z
"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.
' s5 x5 V- ~5 t5 S4 O/ {2 P! Y: l
6 H6 {% q, Z' p: ]/ }, a, H/ qOil price rises to 2-year high above $58 US on supply slowdown
4 l, l1 p T2 @/ @Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|