 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.( F5 z7 ]2 ^1 |* o
8 {# q* O4 q3 D& O$ L U"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.
: K9 j; l6 c* W4 s6 |7 R3 e% A- Z8 u0 I7 y H% D h
Calgary to have Canada's fastest growing economy this year, Conference Board says5 s8 V, t7 B7 j7 z C" y3 B# f$ _
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."" H6 }$ [0 ^: C
+ f* S5 d+ ~% O% y1 m" iThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.: r! z- t) Y5 C& h
- g; e0 a& l& H* r8 K: K' X( B"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.
+ f6 w0 o9 W/ v/ U* j
. E& ~# u' O& d5 ^"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."" Z. n: S1 q. r& C, M
: O& P( p6 e: ]/ A% m$ ~+ y
6 a3 g* P9 \) ]' Z5 _8 x' EThe "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.
, K1 v' A. N$ L$ f5 P, |' {& n6 U7 o, [8 U' {* Q- k+ H
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.
# H9 k$ H1 ]6 i" H3 y& O1 C
: \. \5 |% {% Q, B7 U"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.2 c) k, B8 b# g' S" S. p. f
/ h% b1 [7 j2 k5 i5 JOil price rises to 2-year high above $58 US on supply slowdown( ], X7 @ ` ?7 p/ g
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|