ALBERTA’S ECONOMY: Hope on the Horizon
Posted by ROSS Magazine on
ALBERTA’S ECONOMY: Hope on the Horizon
By Mario Toneguzzi
Everyone knows Alberta’s economy has gone through some tough and challenging times in recent years beginning with the collapse in oil prices in late 2014 and continuing on to the current ongoing COVID-19 pandemic. But there is hope on the horizon – a light at the end of the tunnel – as the province is currently experiencing a firm, but still slow, economic recovery. According to the Alberta government’s mid-year fiscal update, the province’s real gross domestic product (GDP) is forecast to grow 6.1 per cent this year after contracting 7.9 per cent last year. “Next year, real GDP is forecast to expand 5.1 per cent and return to 2014 levels as the pandemic subsides further and the recovery…
348 Views, 0 Comments