Article Analysis: ‘Alberta economy slips further on lower oil prices’ | MyPaperHub

State economies have raised exceptional concern among economists. The article, ‘Alberta economy slips further on lower oil prices’, published in InFocus, is among the publications that offer an analysis of the economic conditions of given states. The article establishes that recently Alberta has experienced a slip in its economy due to fallen oil prices. The incidence triggered The Treasury Board and Finance to embark on efforts to review Alberta’s current economic situation. Hence, the article aims at providing an analysis of the economic proceedings that drove Alberta into its current economic status.

The author begins by informing the audience that in 2015, oil prices assumed a downward trajectory. The weakness in oil prices was thus responsible for weighing down Alberta’s economy. The author informs the reader that in 2015, Alberta saw a halt in its economic expansion after five years of outstanding growth. Offering a detailed background of Alberta’s preceding economic status, the author has managed to portray how the plummet in oil prices has been detrimental to the state’s economy. The article is informative, as it addresses the manner in which a decline in activities in the energy sector is responsible for causing a ripple effect in other sectors of the economy. Typically, a state’s economic condition revolves around diverse aspects. Among the indicators of the Alberta’s economic condition are retail sales, employment rate, labor market, and investment rate. Therefore, the editorial highlights how the conditions in the housing and business sector of Alberta have affected the other sectors. Population growth seems to slow along with the labor market. Similarly, the ongoing economic ambiguity has dampened both business and consumer confidence. At the closure of 2015, not solely did the labor market of Alberta deteriorate, but also the state’s employment plunged. Further, the article underlines how the deterioration in labor market led to a shrink in consumer spending.

The author enhances the article’s credibility by comparing Alberta’s economic statuses over different years. This enables the reader to have a clear image of the extent to which the state’s economy has plummeted. Ultimately, the article proves resourceful because it does not solely provide a theoretical analysis, but it also borrows heavily from other credible sources, such as Statistics Canada.


Work Cited

Treasury Board and Finance. Economic Trends: Alberta economy slips further on lower oil

prices. Web. February 4, 2016.

Additional articles

Reviving Ophelia Paper

Below are some of the key passages and quotes from the book that make important points. The author states that girls know that they are losing themselves citing one of the girls that said, “Everything good in me died in junior high (P. 24).” I...Reviving-Ophelia-Paper …

Read Article
Effects of Citizen United on the 2012 elections

Citizens United is an organization in the United States that does not operate on profit and that focuses on conservatism. The scenario that is commonly related to the organization is the particular Supreme Court Case ‘Citizens United v. Federal ...Effects-of-Citizen-United-on-the-2012-elections …

Read Article
What We Talk About When We Talk About Love Analysis

 One of the best books written by Raymond Carver's is what is known as ‘What We Talk about When We Talk about Love.'  It was written in 1981 and is made up various short stories from different authors. One of the short stories has the s...What-We-Talk-About-When-We-Talk-About-Love-Analysis …

Read Article
Let's give your paper the attention it deserves