Re­ces­sion un­avoid­able for Al­berta this year, Con­fer­ence Board of Canada says

Asian Journal - - Nation - By Lau­ren Krugel, The Canadian Press

Cal­gary: A re­ces­sion is un­avoid­able in Al­berta this year, ac­cord­ing to a re­port by the Con­fer­ence Board of Canada. The prov­ince’s econ­omy is ex­pected to shrink by 0.7 per cent in 2015, even though oil prices seem to have stabi- lized at around US$60 a bar­rel, the Ottawa-based eco­nomic think tank said. Next year, it’s call­ing for mod­est growth of 1.1 per cent. “Al­berta’s eco­nomic per­for­mance will be un­der­whelm­ing this year and next, es­pe­cially com­pared with re­cent years,’’ said Marie-Christine Bernard, with the Con­fer­ence Board.

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