Even in recession, after so many years of country-leading growth figures, Alberta is still poised to have much higher GDP per capita than any other province. It's expected to drop this year to $77,000, but that compares with $53,000 in the rest of Canada.
The authors say the strength of Alberta's economic recovery will hinge on how well it tackles the challenges of budget deficits, inadequate pipeline capacity and addressing climate change, among others.
But it continues to have a competitive tax regime and a young, highly educated workforce "more oriented towards science and engineering than most economies — ingredients that tend to go hand in hand with innovation and diversification," the report says.
"As such, we remain confident that Alberta can retain its status as a leading growth area not just in Canada, but within North America."