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.
" C: n; Y5 B8 `3 x7 Y1 z- O8 F/ r0 H7 E2 p* T
"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.
" R' n/ L3 ?0 Q
. `% J0 _" |( G) l) E! ?Calgary to have Canada's fastest growing economy this year, Conference Board says3 p, k# }8 M" e) G
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."
8 W4 f4 @& U7 p2 T! D% _% o; {" D4 B* O( q1 E- l
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.( T, `8 `$ j# D& @
! m E) q9 h0 U5 k4 o" N \5 H2 M4 J"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.
1 i( t: L: F9 y4 V5 }" l/ J; ?- B9 f4 Y4 e/ `
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
- \0 H: G3 m: L v: h3 k) Y
+ J7 Z2 C2 X3 e& m- b5 ~
! d6 w" f0 X/ A& sThe "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.
. \8 v$ ]- D' F* P5 f
: g5 R' d4 _, c; sIt 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." @8 q% g) o: o7 Y1 s9 H$ Z
; K2 O) Z# E: M% H- F+ B- R"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.
( L: _) Q7 r1 c6 J P( ?3 N$ L8 `; c S8 |
Oil price rises to 2-year high above $58 US on supply slowdown
7 P z# I2 }1 ZCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|