{"id":42801,"date":"2015-02-18T02:54:04","date_gmt":"2015-02-17T18:54:04","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=42801"},"modified":"2015-02-18T02:54:04","modified_gmt":"2015-02-17T18:54:04","slug":"cibc-economists-predicts-mild-and-short-lived-recession-for-alberta","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2015\/02\/18\/cibc-economists-predicts-mild-and-short-lived-recession-for-alberta\/","title":{"rendered":"CIBC economists predicts mild and short lived recession for Alberta"},"content":{"rendered":"<figure id=\"attachment_27603\" aria-describedby=\"caption-attachment-27603\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_103476707.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-27603\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_103476707.jpg\" alt=\"Shutterstock Photo\" width=\"1000\" height=\"707\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_103476707.jpg 1000w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/10\/shutterstock_103476707-768x542.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><figcaption id=\"caption-attachment-27603\" class=\"wp-caption-text\">Shutterstock Photo<\/figcaption><\/figure>\n<p>TORONTO &#8212; A report by CIBC predicts Alberta is headed for a mild and short-lived recession due to the sharp drop in oil prices.<\/p>\n<p>The big Canadian bank predicts the cuts in capital spending by the big oil companies will mean at least two quarters of negative growth for the province.<\/p>\n<p>CIBC forecasts Alberta&#8217;s real gross domestic product to shrink by 0.3 per cent this year before growing by 2.3 in 2016.<\/p>\n<p>The unemployment rate in Alberta is expected to climb to 6.8 per cent from 4.8 per cent last year.<\/p>\n<p>CIBC is also predicting the economy in Newfoundland and Labrador will shrink by 1.0 per cent this year and 0.5 per cent in 2016.<\/p>\n<p>Central Canada and B.C. are expected to lead the growth with the economy as a whole expected to grow 1.9 per cent this year and 2.5 per cent in 2016.<\/p>\n<p>Ontario is expected by 2.8 per cent in 2015 and 2016, while Quebec is predicted to grow by 2.4 per cent this year and 2.6 per cent next year.<\/p>\n<p>B.C. is forecast to grow by 2.5 per cent in 2015 and 2.7 per cent in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TORONTO &#8212; A report by CIBC predicts Alberta is headed for a mild and short-lived recession due to the sharp &hellip;<\/p>\n","protected":false},"author":44,"featured_media":27603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,18],"tags":[],"class_list":["post-42801","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news-ca","mauthors-the-canadian-press1"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/42801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=42801"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/42801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/27603"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=42801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=42801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=42801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}