 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.7 E! z4 w! D% \1 ^5 l% l! O' L
! d. A. ^/ @7 M4 B2 }! R3 Q
"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.
) U4 `) n3 O5 K
8 b) m3 g- X, @5 x7 j6 KCalgary to have Canada's fastest growing economy this year, Conference Board says
% H: G' P1 ^' `) T' p* \2 [; [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."+ D: @( \; P2 g( S+ `: g4 U/ n
" d9 q+ g/ s3 v, O$ @! pThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
2 _2 m: k2 J+ t" t7 |+ l+ i( y* t1 |1 r% }* K
"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.
8 u, d! n6 ], a0 @) x3 L# E4 G5 P- [+ o: }0 c' s
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
4 {* _8 N0 C4 q! R$ N/ b+ Q; m. X$ ^( H; @! Z2 D Z
' b. {0 _8 m" G2 `1 n* _4 TThe "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 L5 k' W& c4 m+ B E6 B1 x. s, l' V1 p. r ` @' o6 E
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./ y! W& A7 F0 T% T
1 ]% m0 ^: P3 U. K) Q9 {8 g& k* g"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" n, W1 x8 `; D# ]9 N
: B' ~' S' `; L% z! jOil price rises to 2-year high above $58 US on supply slowdown
8 p) l( _) d+ D: {; M: ?Calgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|