 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.0 H" d. K- E" D! N: }& o
& w7 N9 Q5 c% |7 i; x. S; d0 C2 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.8 F; ?7 x; N5 i& A' M% m9 _ J
) C$ r: _. {% o) w( g: H; xCalgary to have Canada's fastest growing economy this year, Conference Board says
/ q4 M+ C/ z' v( XThe 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."
- ~# c2 G6 Q' L9 ~* e* h$ j* Y
8 q( y9 {0 l! ]The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
2 o! k+ u0 h( u. }. V# I& k; h
" h- T& N7 R8 ^5 Y"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.
' o8 W# V- v# d0 y Q/ \1 H
* I* |6 z2 `+ d3 Y7 B"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
5 M# S! l; {6 T+ S4 d; l1 c3 @
~3 c7 z! h; N! H7 `: A; A- {* j# q' h0 ~: V- s- D& P# b
The "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.
$ j- u( y }1 Z7 E" Y3 {: Z# y$ p! h: |% P5 i
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.
1 a- V- y) m% x/ T! R! m) [5 B
, c' D! R2 R( {/ d( U& y% M+ ^"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.
4 A# z* Q b3 @7 U; |' T! H/ n4 J, y' g& [
Oil price rises to 2-year high above $58 US on supply slowdown
# ^: s( E9 V: z$ T* w9 I% l5 T' lCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|