OTTAWA, ON, Jul 15, 2013/ Troy Media/ – With the rains now turning to sun and the waters receding, Southern Albertans are left with a post-flood nightmare – disrupted lives, homes damaged or destroyed, business activity interrupted, and significant losses to private capital, inventories, etc. The flood of 2013 will not soon be forgotten.
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This Great Graphic comes from The Economist. It depicts world GDP on a year-over year basis for the world, high income countries, the BRICS and other emerging markets.
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Some other takeaways:
Real GDP increased in 49 states. Sorry Connecticut.
North Dakota was the fastest growing state in 2012 (at an astonishing 13.4 percent) largely thanks to mining
The insurance and finance industries increased 3.6 percent in 2012 after a dismal –0.6 percent in 2011
At 9.1 percent, durable-goods manufacturing was the largest contributor to state growth
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(Reuters) – Solid exports helped Canada’s economy grow at a higher-than-expected annualized rate of 2.5 percent in the first quarter, the fastest pace in six quarters, after a sluggish second half of 2012, Statistics Canada said on Friday.
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CALGARY — Economic momentum has softened in Alberta alongside tempered enthusiasm in the energy sector.
The Blue Book report, released Wednesday by the BMO Financial Group, said Alberta’s economy is expected to expand by a more modest 2.5 per cent this year after growing 3.9 per cent in 2012, “sluggish by the standard set over the past decade.”
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CALGARY — Alberta’s economic growth this year will be second only to Newfoundland & Labrabor, but Wild Rose Country will top the nation in 2014, according to a new forecast by RBC Economics.
The forecast said Newfoundland & Labrador will lead the country in Real Gross Domestic Product growth this year at 5.1 per cent followed by Alberta at 3.0 per cent.
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CALGARY — Real gross domestic product in Canada grew 0.3 per cent in November, following a 0.1 per cent rise in October, according to Statistics Canada.
The federal agency reported Thursday that most major industrial sectors increased production in November. Goods production increased 0.6 per cent while the output of service industries rose 0.1 per cent.
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CALGARY — Alberta’s economy is expected to ease in 2013 but will remain near the top of the Canadian leaderboard, says BMO Economics as it released its Provincial Monitor report on Thursday.
The report said Real GDP growth in the province of 2.7 per cent will be second in the country behind only Newfoundland & Labrador’s 4.5 per cent cent.
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EDMONTON – Edmonton’s regional economy is growing so fast, it might as well exist on another planet.
In a world filled with growing uncertainty, the local economy continues to cruise along, with no sign yet that it’s about to hit the wall.
As the politicians in Washington edge closer to the fiscal cliff and debt-saddled Europe braces for more pain, Edmonton’s regional GDP grew at a heady 4.5 per cent pace in 2012, after surpassing five per cent in 2011.
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The Paris-based Organization for Economic Co-operation and Development predicts Canada will lead the Group of Seven industrialized economies in growth over the next half century.
In a report released Friday, the OECD says it expects Canada’s real gross domestic product will average 2.2 per cent growth annually over the next 50 years.
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