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 Outlook Long-Term Economic Forecast: Alberta—2017
Provincial Outlook Long-Term Economic Forecast: Alberta—2017
Provincial Economic Analysis
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- Oil prices are not likely to rise enough over the next two decades to spark another investment boom.
- Alberta’s economy will continue to be tied increasingly to the oil sands.
- While wages have been pulled lower by the recent downturn, the average worker in Alberta will continue to earn more than the national average over the next 25 years.
- Overall consumption spending will advance throughout the forecast period, though at a slower pace than in previous decades.
- Alberta’s vast oil reserves will help it maintain a healthy trade balance.
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