Provincial Outlook Economic Forecast: Alberta—Autumn 2018
The Conference Board of Canada, 62 pages,
December 20, 2018
Report
|
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
|