Transcription of ALBERTA - Progressing towards full recovery
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ALBERTA - Progressing towards full recovery
PROVINCIAL OUTLOOK | JUNE 2018. ALBERTA - Progressing towards full recovery The province has begun to attract net migrants from the rest of the country, oil production is growing, the manufacturing sector is bouncing back, and rms are hiring at a good clip again. However, a dearth in new oil sands investment and slack in the housing market shows the province's economy has ground to recov- er. We expect ALBERTA 's recovery from its 2015-2016 recession to continue, albeit at a slower pace, over the next two years. The province has begun to attract net migrants from the rest of the country, oil production is growing, the manufacturing sector is bouncing back, and firms are hiring at a good clip again. However, a dearth in new oil sands investment and slack in the housing market shows the province's economy has ground to recover. After growing at an estimated in 2017, we expect ALBERTA 's economy to expand by in both 2018 and 2019. Real GDP growth Annual ALBERTA endured a two-year long recession in 2015 and 2016 8.
PROVINCIAL OUTLOOK | JUNE 2018 3 ALBERTA - Progressing towards full recovery The province has begun to attract net migrants from the rest of …
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