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.
! c9 X7 L/ Q A, ~1 w$ T+ A- d7 F7 ]1 R& ?6 v0 v% i: D% y. V
"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.
1 m4 w4 b$ v# M
$ @8 |0 N3 ^6 I' c8 C, A2 jCalgary to have Canada's fastest growing economy this year, Conference Board says2 D& O) S, ~4 x; |* Y" Y, q+ D" i
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."
* M! u+ O- X# t$ X2 B# ~
2 g5 U( T. h6 B, AThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that." M0 I. e) G! G
/ c# z# j7 k. ?6 {"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.
4 _+ R$ ~9 \& {7 e7 C
, E7 l3 p0 v+ _"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."& u% X! d; v, |) [
8 L, F: w. R/ T) Y! m4 u) L
3 m1 i8 C( p; [ ~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.# M0 x6 R( R0 n& [! @( }
2 ], s' A- }8 W9 \$ P" q3 d
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.
+ X, I, J& H; e7 V& j! o( Y: N3 ]% u8 |2 S- Z
"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.
' i+ ~1 m( e8 K, G9 X8 M/ I
, e3 g) l( q: K, Y$ @$ {Oil price rises to 2-year high above $58 US on supply slowdown
0 S; g* d% x4 M" C: _Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|