Subscribe to our RSS Feed!

   Email This Post Email This Post   

Queensland’s Economy Booming?

Mike Hawkins | Thursday, September 15th, 2011 at 10:42 am

After being hit by floods last summer that resulted in large parts of the state being declared a disaster zone, it seems Queensland’s economy is back in business.

According to State Premier Anna Bligh a new private sector report by CBA Economics Global Market Research team says Queensland’s economy is “ booming”.

The premier states that the teams positive assessment follows last week’s state final demand numbers which increased by 3.5% in seasonally adjusted terms in the June quarter to be a massive 5.7% higher than a year ago.

Ms Bligh said “Not only is Queensland’s economy being fuelled by flood recovery, but it’s rocketing ahead thanks to a massive private investment surge,” Adding “After a tough start, Queensland’s economy is back on its feet and back in business.

“Last week’s economic details released by the ABS showed big increases in construction work and private capital expenditure”.

“This is being backed up by our own building program – creating new infrastructure and new jobs right across the state.”

“Queensland has tens of billions of dollars in business investment in the pipeline, ready and raring to course through the veins of the Queensland economy.

“Unfortunately, there is a campaign out there to talk our economy down”.

“I know that Queensland has what it takes to ride out the tough times and enjoy the next era of economic prosperity.”

Love Australia? Let us keep you informed...

  • Join the Embrace Australia community today. Have your questions answered by our experts, start your own blog, get vital migration information and gain valuable insight from those who have already made the journey.
  • Subscribe to our RSS Feed and have all our daily news and features delivered straight to your news reader.
  • Join our mailing list -

Leave a Comment

Embrace Community

Join the Embrace Community today!

Sign up to the Embrace Community today and you can:

  • Ask our experts questions about moving to Australia
  • Get vital australian migration information
  • Make new friends
  • Share your photos and videos
  • Chat with fellow Aussiephiles
  • Learn more about Australia
  • Write blogs and start discussion

Receive our newsletter!

Have you read?

Living in Australia

Living in Australia

Australia is a landslide chart-topper in the British exodus, with more than 30,000 Britons a year migrating to its sunny shores. Living in Australia is just great, both as a place to work and live.

Read more - Living in Australia >

Have you read?

Fun facts about Australia

Fun facts about Australia

We’ve brought together a list of fun facts about Australia you might not know!

Read more - Fun facts about Australia >