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.
Financial news and insights
delivered to your email every Saturday.
WATCH: Canadian Taxpayers Federation weighs in on tax increases in Alberta Budget 2015
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.
READ MORE: Prentice promises to not waver on tough-love budget plan to fix Alberta economy
A-T-B chief economist Todd Hirsch says energy prices will likely start rising by the end of the summer.
Comments