WINNIPEG, Manitoba, Nov 24 (Reuters) - The Canadian oil-producing province of Alberta said on Tuesday that it was seeing the start of a modest economic recovery and trimmed its deficit estimate for the current fiscal year.
The C$21.3 billion ($16.36 billion) deficit, down from a C$24.2 billion estimate previously, would still be much larger than usual and reflects economic damage from the pandemic, Finance Minister Travis Toews said.
Travel restrictions related to the spread of COVID-19 have hammered global fuel demand, weighing on oil prices that generate much of Alberta’s economic activity and government revenue.
Toews said Alberta’s real gross domestic product looked to contract 8.1% in 2020, rather than the 8.8% contraction he previously forecast, and the economy looked to rebound with 4.4% growth next year.
Revenue for the current 2020-21 year is estimated at C$41.4 billion, up nearly $3 billion from an earlier estimate, topped up by federal transfers and improving oil prices.
Alberta forecast U.S. crude prices to average $36.40 per barrel in 2020-21, up from its previous estimate of $35.60.
Read more from the original article:
免責事項：本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。
古いコメントはありません。ソファをつかむ最初のものになりましょう。