 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.
" h6 |- J0 H" Y/ r: t' W: }
8 W8 s7 h( \1 C; }. n2 @"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./ D Y4 s# E L- C( R: v% u! \6 _
( x, w1 L |+ g( ]
Calgary to have Canada's fastest growing economy this year, Conference Board says, j" J- s) b* p
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."' c d/ f5 D4 N) e" t$ }; ]
* n, M% I5 B) P4 R
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
9 Y. J! Q# v2 ?+ M1 ]6 [, o# q& O0 K& W& ^7 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.! C- N: S' w. ^6 t- }. `* ^0 Y9 v
9 ~- E8 K! L6 Z' ]"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."- s$ S- E% i# T( }) P; a1 H
9 f. {0 t v6 [6 ?0 n# b( J9 l+ e5 ?: m! \+ [- N4 M5 ^" Q0 v
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.
, z8 m, ~% F$ }: a. K/ Y2 ^. x# s; |
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.
7 ^) U0 W) I; v, ]5 K4 q' h4 V' q1 T n6 U7 W
"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.7 w, z9 `' Z6 e: S. V& H, e! @
- k& T6 N/ @8 E2 M. E3 sOil price rises to 2-year high above $58 US on supply slowdown5 m6 ^8 T4 I2 s& {- Y
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|