A new survey has revealed pessimistic feelings about the Canadian and Albertan economies. (Photo: Malajscy | Dreamstime.com)

By David Opinko

Economy

Eighty per cent of Albertans feel economy is in recession: survey

Jan 16, 2023 | 4:16 PM

LETHBRIDGE, AB – A new survey has revealed that a large percentage of Albertans, and Canadians as a whole, are not feeling great about the economy.

Pollara Strategic Insights has released its Economic Outlook 2023 report, surveying 4,020 Canadians including 451 Albertans between December 8-20, 2022.

83% of Canadians said they feel the economy is in a recession, an increase of 17 points from the same time the previous year.

Four out of five Albertans felt the same way about the provincial economy. Only 10% believed that the economy was experiencing growth.

When describing an emotion to coincide with their thoughts about the economy, the most commonly-used words were “worried,” “upset,” “sad,” and “pessimistic.”

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Among all age categories, Canadians said that the cost of food at the grocery store is the most significant source of stress. Housing and gas were also among the top concerns for Canadians of all ages.

The survey respondents said they are pessimistic about the future. 56% feel the national economy will worsen over the next 12 months, 21% are not expecting any significant change, and only 14% are optimistic that things will get better.

The full report can be read on Pollara’s website.