Windsor expected to lead the pack in GDP growth
All over the nation, news stories are buzzing with the forecast of Windsor's economy.
From the Conference Board of Canada: "Windsor is forecast to post the fastest growing metropolitan economy in 2011. Following growth of 3.5 per cent in 2010, real GDP is forecast to rise 3.9 per cent this year. Construction activity will receive a big boost when the $1.6-billion Windsor-Essex Parkway begins later this year. Nevertheless, GDP in 2011 will still be below 2007 levels and Windsor's economy remains fragile. The battered manufacturing sector is convalescing and its level of activity remains below the peak reached in 2000." ""
Read what other people are saying about us with this collection of news stories from our region and beyond…
"We're likely to see better growth this year and next year, as well.'; 5,000 new jobs, 10% unemployment predicted …"
"The start of major construction on the $1.6-billion Windsor-Essex Parkway leading to the planned new border crossing bridge is expected to be a "big deal" when it comes to creating jobs and driving economic growth this year…"
What are these jobs? Take a look at our WE Parkway Job Creation Report to see the various occupations and where to apply.
2. Financial Post Posted: Feb. 22, 2011
OTTAWA– "Only nine of the 27 census metropolitan areas studied for the winter 2011 edition of the Conference Board of Canada’s Metropolitan Outlook will grow more in 2011 than in 2010, the board says.
A variety of factors will be at play for the cities whose 2011 economies are expected to outpace their 2010 performances: Windsor, Ont., Calgary, Oshawa, Ont., Regina, Saskatoon, London, Ont., Sherbrooke, Que., Winnipeg and Thunder Bay, Ont."
3. CTV News By: Tavia Grant
"Windsor, Ont., one of the cities most battered by the recession, will lead the country's growth this year as the economy diversifies and parts of the auto sector rev up.
The city will tally 3.9-per-cent growth this year, the fastest in the country and just ahead of Calgary and Oshawa, a Conference Board of Canada analysis of 27 cities said Tuesday."
4. The Canadian Business Journal Posted: Feb. 22, 2011
"Just nine of Canada's 27 major cities will post better real gross domestic product growth this year than last and downtrodden Windsor, Ont. will lead the nation, according to a new forecast."
"Construction of the $1.6-billion Windsor-Essex Parkway, linking Highway 401 to the Michigan border, and the recovery of the auto manufacturing sector both play a part in the region's robust economic health, although the board insists Windsor's economy “remains fragile.”
4. The Globe and Mail By: Siri Agrell Posted: Feb. 22, 2011
"A lot of people are surprised that Windsor is on top,” said Mario Lefebvre, director of the conference board’s Centre for Municipal Studies. “But the city was hit really hard over the course of 2007-2009, so now they’re bouncing back.”
Windsor, a former automotive town that has been forced to reinvent itself, is forecast to have the fastest growing metropolitan economy in 2011, with its GDP expected to rise 3.9 per cent. Last year, it was named one of the top seven intelligent communities in the world…”
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