© David Bell/CBC Financial experts are saying that despite the forecasted recession, Calgary and Alberta will be safe from major setbacks. Calgary and the province will avoid major financial setbacks in the year ahead, despite forecasts of a global recession, an economist says. That's due to commodity price-driven growth and the momentum of long-term diversification of Calgary and Alberta's economy. Roach was among several financial experts who discussed the city's future Wednesday at the 2023 Calgary Economic Outlook, sponsored by ATB Financial. Growing the GDP of the province doesn't mean good news for everyone — interest rates will remain high and are predicated to continue to rise, Roach said.

Source: CBC News October 20, 2022 13:28 UTC