Provincial Outlook Economic Forecast: Alberta—Autumn 2018

The Conference Board of Canada, 62 pages, December 20, 2018
Report
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This quarterly economic forecast for the province of Alberta examines the economic outlook for the province, including gross domestic product (GDP), output by industry and labour market conditions.

Document Highlights

  • The price difference between the world price for oil and what domestic oil producers receive is at a four-year high.
  • Pipeline woes continue to weigh on the province, but the first major energy project since Fort Hills has been announced.
  • After a disappointing 2018, housing starts will grow at a blistering 14.9 per cent in 2019.
  • In 2019, 40,000 new jobs will be created, but public sector employment growth has outpaced that of the private sector in recent years.
  • The mandated cuts to oil production will help stabilize prices, but the blow to output will take billions out of real GDP growth.

Table of Contents

RÉSUMÉ

EXECUTIVE SUMMARY

Alberta

  • Pipeline Uncertainty and Low Oil Prices Continue
  • Consumer Outlook
  • Investment Outlook
  • Government Outlook
  • Trade and Energy Outlook

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