Provincial Outlook Economic Forecast: Alberta—Autumn 2018
The Conference Board of Canada, 62 pages,
December 20, 2018
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.
- 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
- Pipeline Uncertainty and Low Oil Prices Continue
- Consumer Outlook
- Investment Outlook
- Government Outlook
- Trade and Energy Outlook