Oil-rich Alberta shows early signs of economic recovery

25 Aug 2017   Canada

The provincial economy in oil-rich Alberta is expected to grow faster than expected, though some metrics paint a mixed picture of the recovery, data show. The provincial government forecast growth in terms of gross domestic product for 2017 at 3.1 percent, up from the budget forecast of 2.65 percent. With a push for diversification under way, non-energy exports were up 7.1 percent in the first half of the year. “There is good reason to feel optimistic about Alberta’s recovery and we will continue on the path to balance while supporting the needs of everyday Albertans,” provincial Finance Minister Joe Ceci said in a statement . In an annual review from earlier this year , the government said the […]

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