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Alberta’s economy has moved from recovery and is now in expansion mode. ATB’s forecast for Alberta’s real GDP (gross domestic product) growth for 2023 is 2.7%. As we are expecting inflation to be “higher for longer”, our growth forecast for 2024 is 2.0% and is expected to rise to 2.6% in 2025.
Households in Alberta are facing challenges due to higher interest rates and a more significant decline in purchasing power in recent years. Already, insolvencies in the province are at their highest level on record.
9 maj 2024 · Alberta’s gross domestic product per capita fell 2.2% in 2023, the second-fastest decline out of any Canadian province, St-Arnaud, chief economist at the Alberta Central association of credit...
4 maj 2021 · Numbers released this week by Statistics Canada show Alberta’s GDP shrank 8.2 per cent in 2020. The next hardest hit were Quebec and Newfoundland and Labrador, with economic retreats of 5.3...
20 sty 2023 · An economic forecast from the Alberta Business Council says a tight labour market coupled with high commodity prices — especially oil and gas — will give the province a smoother road ahead ...
Three new economic forecasts released over the past week paint a complicated picture of the Alberta economy, although a remarkably consistent outlook is anticipated for 2024. A slowdown is...
Alberta’s 2020 provincial accounts estimate of GDP, which breaks down GDP by expenditure category and income type, will be released in November. While this estimate differs slightly from total GDP by Industry, growth in the two series track closely over time. ($2012billions) ($2012billions) 1.6. 1.4.
