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What are the odds?Alberta Economic Forecast for 2016
Todd Hirsch
Chief Economist
Oil at $US 80
ODDS: 75:1
Oil at $US 20
ODDS: 20:1
Oil at $US 50-55
ODDS: 3:1
China “collapse”
ODDS: 6:1
B of C interest rate hike?
ODDS: 15:1
Unemployment hits 8%
ODDS: 3:1
Net out-migration
ODDS: 1:1
Housing market downturn?
ODDS: 3:1 (prices down >5-10%) 7:1 (prices down >20%)
Modest recovery in 2016?
ODDS: 1:1
More diversity
ODDS: 0:1
"We can choose to be the
Alberta that doesn’t let the
world happen to us, but the
one that takes our destiny in
our own hands and acts.”
- Adam Legge, Calgary Chamber of Commerce