Economist says adaptability is key to improving provincial and national economy
LETHBRIDGE – There is light on the horizon for Alberta’s economy, according to ATB Financial’s Chief Economist, Todd Hirsch.
Hirsch – who has worked as an economist for over 20 years with numerous organizations, including the Bank of Canada – was one of the keynote speakers at the ‘Opportunity South: Conference and Business Expo’, hosted by the Lethbridge Chamber of Commerce at Exhibition Park.
“We’re in now the second year of a recession in Alberta, 2015 and 2016, I do expect in 2017 the energy industry will stabilize, that’s about as good as it’s going to get though,” Hirsch told Lethbridge News Now following his address to the crowd. “We’re not seeing a lot of growth coming back because we’re really not expecting prices to rebound too much more then where it’s at right now, probably around $50 a barrel.”
From there his message became brighter, as he explained how the Alberta economy can begin to move forward.