 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 y0 H. d& A3 Y' @" `5 U
: X! S! t5 W S X7 `; f: s"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.3 R& ?9 n4 B1 W
" f. m! Y. J H2 B7 Q- U
Calgary to have Canada's fastest growing economy this year, Conference Board says% m* k4 w$ e* ~5 q f A
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.": Q4 A) x6 T; Q
/ y P2 ~/ ]% M8 Y* pThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that. G4 n- O$ ?. w z( d
0 P7 U, Y, j; L' L0 ~"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., L2 B/ T+ A5 ?5 E
* |9 p" E; Q9 b' ^$ u) p7 m4 b
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."% O% u& N: y: t& z9 D' \1 }/ {
% p: I( Q2 x! D c6 i0 c
, f1 ^ r& z4 Z) n* P4 A7 wThe "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.* ]" T+ H, ]8 q6 T* S
' i* C' v7 J y
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.) R# Y3 y5 ~7 D8 e% N) q* R
3 {9 ?1 t) F" s! o4 l6 [2 g9 b"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.
6 n' C ^# Q( i2 I) S- z3 ~. z& M6 o2 B9 M, c% d' Q# J" Q' P& j% E
Oil price rises to 2-year high above $58 US on supply slowdown" ~4 k7 M( H. i5 T1 v: b
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|