Quote:
Originally Posted by Chadillaccc
Wow Boris so that means we're not even at our highest growth ever? Who knows, maybe we could grow even faster at some point over the next 6 years.
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Keep in mind higher population growth percentages happen more easily with a lower population. It's likely the absolute number increase per year will increase with the percentage per year stabilizing or decreasing.
And keep in mind most of the growth projections being made are on the assumption that this boom trend will continue. It is perfectly possible to see a slump in growth (like some of the 80's and 90's) if oil prices drop significantly. It's not necessarily the most likely thing to happen, but it very well could. And with the States producing more, if China's economy slows down more rapidly than expected, I could see an oil glut happening. If it does, Alberta is much more diversified than the last time it happened, but growth will certainly still slow.