 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.4 K$ a0 u- f. r( h5 O
- J5 r' _! o% X. a% V"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.5 J7 v* v* p" V% x8 _! K/ D
R1 M: ]! U9 `
Calgary to have Canada's fastest growing economy this year, Conference Board says
" _, ?, h) m/ t$ O, S, b) f0 eThe 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."! ~" {0 G. }% x1 f& a6 f
L+ c' T, B6 ^) t0 ~) GThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
- `0 F1 w. w6 g2 X+ B7 B8 W6 R7 T, }: k1 \
"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 T8 V O3 P# h. Y0 R! |* g' l8 | v# }# Z5 h
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."1 L* o. ^3 m3 @1 M/ n- {/ Z1 s- i
; G) {+ j6 u! X$ F2 h
6 H' {* j; Y2 G/ |" t# VThe "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.
9 E6 u# ~ U" N J$ {
+ v* @+ b0 F, f" z1 f& |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.: t x4 x- F7 \
6 J+ K. g4 v& V, T2 j/ N
"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.9 Y ^/ d" z+ u2 t( U
: A R t3 P- EOil price rises to 2-year high above $58 US on supply slowdown
: N# {, X$ n& V2 E T/ jCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|