Alberta moving out of recession into modest recovery: quarterly update
The Alberta government had some good news to report with its latest quarterly update — real GDP is expected to grow by 2.4 per cent in 2017, meaning the province may be finally moving out of recession and into a modest recovery.
According to the third-quarter fiscal update released Thursday, 18,000 jobs have been created since a low point in July 2016, with the majority (12,500) in the oil and gas sector.
"The evidence shows that the storm clouds are starting to recede with a little more sunshine peeking through," said Finance Minister Joe Ceci.
Ceci said the province is expected to return to balanced budgets in 2023 and 2024.
Alberta moving out of recession into modest recovery: quarterly update - Edmonton - CBC News
The Alberta government had some good news to report with its latest quarterly update — real GDP is expected to grow by 2.4 per cent in 2017, meaning the province may be finally moving out of recession and into a modest recovery.
According to the third-quarter fiscal update released Thursday, 18,000 jobs have been created since a low point in July 2016, with the majority (12,500) in the oil and gas sector.
"The evidence shows that the storm clouds are starting to recede with a little more sunshine peeking through," said Finance Minister Joe Ceci.
Ceci said the province is expected to return to balanced budgets in 2023 and 2024.
Alberta moving out of recession into modest recovery: quarterly update - Edmonton - CBC News