Alberta economy to grow more slowly in 2023 due to inflation and interest rates: Report yyc
Advertisement 4“It does take time to add up to something,” said Roach. “It won’t come up to the point where it can rival oil and gas, maybe never. That’s a big, big tall order. But in terms of economic growth, economic activity, it has been positive and there’s no reason why it won’t continue.”
Inflation has cooled since its highs of 8.1 per cent year-over-year this summer, down to 6.9 per cent nationally in October, but there are still a number of global factors that will continue to have an effect., supply chains and other commodities such as grain. While gas prices have fallen off from their summer highs, they are still contributing to rising costs at grocery stores and other retail, especially asReal estate is also expected to remain strong in Alberta in 2023, bolstered by the migration of 60,000 people to the province in 2022 from other countries.
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