 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./ {" Z5 i- ^, I1 _+ {# o: w: M) K
# W9 w) C- z. ^. A: j/ N7 k"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.
: s& U) l U2 m* h6 m3 x% z# O G0 X. \/ k1 n+ S7 `1 J
Calgary to have Canada's fastest growing economy this year, Conference Board says8 [1 j" w5 [! p1 r& V& K) k
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."
2 c+ _- ^* K; r5 J
# f& ^; h$ P% ~- c: t8 g! LThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
- J. ~: L; }- l# A0 @: C4 [; o& a* M5 l+ }$ r
"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.
# n" k& o; Z1 `; ^- N6 ]0 H$ _9 f' }% ~
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."4 V) g5 W2 E+ s4 I% c
7 Y7 Z( L4 {; d0 @; D
: t1 D k7 L9 X- s3 M7 ]
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.- |! r: F- N# d
" x( p2 m2 h6 O3 ]
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.+ Q' S9 g8 [% X/ f- w& V
, U \0 }, x8 g( u* y
"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.
8 J$ I7 b; O5 w. A3 ]; i2 Z
) p+ J! \2 S8 p. Z$ K) D" IOil price rises to 2-year high above $58 US on supply slowdown2 i! j* Q, Z# h
Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|