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The Alberta Outlook 2018: Beyond the Recession

The Conference Board of Canada, May 23, 2018
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The recession in Alberta is now officially in the rear-view mirror, even if not everyone in the province is feeling it yet. In 2018, the provincial economy is poised to fully recover the ground it lost during 2014-2016 recession. While this year’s outlook for economic growth is well below last year’s 6.2 per cent pace, it does set up several more years of steady gains in the province. Marie Christine Bernard presents the Conference Board’s latest outlook on the state of Alberta’s economic rebound.

Webinar Highlights

During this 60-minute recorded webinar, Pedro and Marie Christine drill down into the key sectors affecting Provincial Outlook for Alberta.

  • The domestic economy is now out of the doldrums, and many families and workers are moving back. Households wages are forecast to rise by 3 per cent this year and employment is forecast to grow by 1.7 per cent.
  • Although the benchmark West Texas Intermediate (WTI) oil price has been increasing, Alberta’s producers are being hurt by transportation bottlenecks that have resulted in heavy discounts for non-conventional crude oil.
  • The housing market is expected to slow. The number of newly built but unoccupied dwellings soared in recent months, indicating that demand remains soft in major centres.

About Pedro

Photo of Pedro AntunesPedro Antunes is Deputy Chief Economist at The Conference Board of Canada. He is responsible for managing a team of economists in producing the Conference Board’s national and provincial medium and long-term economic forecasts along with other economic indicators and reports. Pedro joined the Conference Board as an economist in 1991 and has moved progressively into more senior roles since joining the Board.

About Marie Christine

Photo of Marie-Christine BernardMarie-Christine Bernard is Director, Provincial Forecast at The Conference Board of Canada. Marie-Christine is responsible for the medium and long-term Provincial Outlook forecast and publication. She also works on financed research projects and prepares alternative scenarios to the provincial forecast.

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