The Conference Board of Canada now predicts that Alberta’s
economy will shrink by 0.8 per cent this year, in large part due to
uncertainty regarding pipelines.
economy will shrink by 0.8 per cent this year, in large part due to
uncertainty regarding pipelines.
The province “will face a mild
recession in 2019, but some areas are showing signs of improvement after
a rough start to the year,” the organization said in its Summer Outlook report, released Tuesday.
In its Spring Outlook, released in May, the board had forecast an economic contraction of 0.1 per cent for the year.