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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.9 k* X2 }8 z l9 F' n
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"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.' X. `. l% p- N, @3 ?
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Calgary to have Canada's fastest growing economy this year, Conference Board says6 ~1 |5 I( E, j# H/ L
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."
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" q' x- v. Y# W6 HThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
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"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.' v/ Q4 U5 E9 `8 z, X3 L: s! S
6 i2 j; _6 C7 U o2 X( \6 y"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more.": O, H0 }/ @" ^! _& ^1 c4 J
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8 H/ K5 [( h6 J* }. _% r* iThe "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.' N$ w# C7 \+ }$ R6 H
4 `, |. m3 O; G/ g3 e1 g: 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.7 T) g7 B- t6 A' F. e
$ F# Y! V/ K! t1 s6 A"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.
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Oil price rises to 2-year high above $58 US on supply slowdown
2 }* D* S' _7 e7 ], j: dCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
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发表于 2017-11-23 11:38
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发表于 2017-11-23 11:53
