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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.6 a7 b7 g7 V! I7 y; T2 t
& o9 J4 h9 X: A8 _8 X1 ]9 j5 v- G"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.
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Calgary to have Canada's fastest growing economy this year, Conference Board says/ v, E/ C. k" J1 J
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."
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The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
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# r$ P$ A3 ]# _7 P H$ i4 n"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.6 ?3 A' n3 a# }
* J$ ]& y& j+ K. {4 `"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."3 _7 q0 O3 ]! u* S1 H- R
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5 C1 k" M8 I- Q( O) OThe "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.& \0 [3 s, ?7 ]" o8 R' Y
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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.( W; |1 w) y0 k
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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.( d! \: P' d7 t) ?
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Oil price rises to 2-year high above $58 US on supply slowdown
9 r2 r/ l! [+ g2 tCalgary'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
