Both RBC and ATB recently cut Alberta’s real GDP growth in half for 2019, with projected growth somewhere between 0.6 and 0.7 percent, behind all other provinces. Growth for 2020 is expected to be between 1.6 to 2.4 percent, still well below trend. Table 1, below, revealed the impact of oil production cuts and a reduction in energy investment on provincial GDP. Although gloomy, we will likely avoid dipping into another recession. Economic growth continues to be hampered by pipeline restrictions, a reduction in capital expenditures and low natural gas prices. Non-residential construction investment is expected to decline 0.9%. A provincial corporate income tax rate cut from 12% to 8% over the next four years may stimulate capital investment over the short to mid-term.