Conference Board: Growth Projections Slashed in Half

Conference Board: Growth Projections Slashed in Half

Alberta to rank dead last in economic growth in 2019

A new report from the Conference Board of Canada projects that Alberta’s economic growth (GDP) will rank dead last among provinces in 2019 at just 1.3%. This follows a similar, earlier projection from Deloitte, which also pegs Alberta’s 2019 growth at 1.3%. This is half what the NDP’s most recent budget planned for 2019 (2.5%).

“The NDP’s ‘plan’ is clearly not working. Just  last September, the Minister was bragging that Alberta would lead Canada in growth in 2019. While the Finance Minister repeatedly tries to tell Albertans that things are better than ever, clearly that’s not the case,” said UCP candidate Drew Barnes.

“Unemployment has risen in six of the eight last months, with 33,000 Albertans losing their jobs in the last two months alone. Now we see further troubling signs that NDP’s supposed economic ‘recovery’ is sputtering. When the Finance Minister speaks to his 2018 third quarter fiscal update today, he must also answer on what this slumping growth means for Alberta going forward.”

“It’s increasingly clear that the NDP has failed Albertans and that a new direction is required. The last four years have not been easy for Albertans. Hardworking Alberta families cannot take four more years of the disastrous NDP,” concluded Barnes.

Conference Board of Canada Projected 2019 Growth:

1)    PEI: 3.2%

2)    NL: 2.7%

3)    BC: 2.5%

4)    SK: 2.2%

5)    ON: 2.1%

6)    QC: 1.8%

7)    MB: 1.6%

8)    NS: 1.6%

9)    NB: 1.4%

10)  AB: 1.3%