EDMONTON – ATB Financial is predicting a significant slowdown in Alberta’s economy this year.
The bank’s latest economic outlook says the province can expect real GDP growth of zero-point-eight per cent.
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It also says investment in the energy sector is being curtailed by low oil and gas prices, and it forecasts a provincial unemployment rate of six per cent for the year.
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A-T-B chief economist Todd Hirsch says energy prices will likely start rising by the end of the summer.
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