This annual 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.
Provincial Long-Term Economic Forecast for Alberta: 2016
Provincial Long-Term Economic Forecast for Alberta: 2016
Provincial Economic Analysis
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- The plunge in oil prices will restrain growth over the medium term, but the long-term prospects remain bright.
- Alberta’s economy will continue to be increasingly tied to the oil sands.
- The benefits of oil sands development extend well beyond the energy sector.
- The average worker in Alberta will continue to earn more than the national average over the next 20 years.
- Long-term growth in household consumption spending will be limited by the aging population.
- New export pipelines are required if Alberta hopes to realize the full potential of its natural resources.
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