Lethbridge’s economy performing well according to Conference Board of Canada Report
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LETHBRIDGE, AB – While the overall provincial GDP (Gross Domestic Product) has stalled, the City of Lethbridge’s economy continues to perform well, growing by 5.8 per cent in 2017 and 5.1 per cent in 2018. Economic growth is expected to slow down in 2019 and 2020 but is still likely to stay at a healthy level.
That’s according to the Conference Board of Canada’s latest report entitled “Mid-Sized Cities Outlook: Economic Insights into Select Canadian Cities- 2019,” Sault Ste. Marie, Brandon, Chilliwack, Moose Jaw, Red Deer, Prince George and Lethbridge were featured.
Of all cities in the report, Lethbridge showed the biggest GDP expansion in 2019 at 2.6 per cent, and 2.7 per cent in 2020.
Economic Development Lethbridge’s Trevor Lewington says, “Lethbridge economic growth continues to outpace most other areas in Alberta partly due to the strength of our agriculture, manufacturing, and non- commercial services sectors.”
