Alberta returned to its long-familiar spot at the head of the economic growth pack in Canada in 2017. Still, real GDP in Alberta is not expected to reach its pre-recession peak until 2019, meaning that the long road to recovery has just begun.
Edmonton is on track to increase its real GDP by 3.9 per cent in 2017—the first increase in three years—but 2018 and 2019 are expected to be more modest. Oil prices remain below pre-recession levels and are expected to show only gradual increases over the next few years. Economic growth is forecast to slow to 2.2 per cent in 2018 and 2019. Edmonton’s unemployment rate, which has been above 8 per cent, will fall back somewhat to 7.4 per cent in 2018.
Get the most detailed and up-to-date analysis of the economic outlook for Edmonton and Alberta, all set within a national and international context, at the 2018 Western Business Outlook: Edmonton. This is the fourth year that the Conference Board will host a Western Business Outlook event in Edmonton. In-depth and detailed economic analysis is accompanied by a keynote address and a lively panel discussion with some of the region’s leading business people and policy-makers.
Pedro Antunes, the Conference Board’s Deputy Chief Economist, will present the macro-economic outlook from one of Canada’s most respected economic forecasting organizations. Todd Hirsch, Chief Economist of ATB Financial, will deliver the keynote address.
We’d like to thank our generous sponsor for their contribution to this event.
The details of this event are subject to change. Please revisit this page periodically for updated information.