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![Page 1: What are the odds? · ATB Financial . Title: Headline Here Author: Raven Plenty Created Date: 3/18/2016 7:33:00 AM](https://reader036.vdocuments.net/reader036/viewer/2022062603/5f48b3d883f20f262a75a08d/html5/thumbnails/1.jpg)
What are the odds?Alberta Economic Forecast for 2016
Todd Hirsch
Chief Economist
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![Page 3: What are the odds? · ATB Financial . Title: Headline Here Author: Raven Plenty Created Date: 3/18/2016 7:33:00 AM](https://reader036.vdocuments.net/reader036/viewer/2022062603/5f48b3d883f20f262a75a08d/html5/thumbnails/3.jpg)
Oil at $US 80
ODDS: 75:1
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Oil at $US 20
ODDS: 20:1
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Oil at $US 50-55
ODDS: 3:1
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China “collapse”
ODDS: 6:1
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B of C interest rate hike?
ODDS: 15:1
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Unemployment hits 8%
ODDS: 3:1
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Net out-migration
ODDS: 1:1
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Housing market downturn?
ODDS: 3:1 (prices down >5-10%) 7:1 (prices down >20%)
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Modest recovery in 2016?
ODDS: 1:1
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More diversity
ODDS: 0:1
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"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