Coal mines re-open – Qld economy bounces back

As the formerly flooded coal mines have re-opened, the Queensland economy has bounced back strongly. From OESR’s briefing note on the latest National Accounts figures:

Also regarding the National Accounts, Fairfax economics editor Peter Martin has a great column (Economy is booming – in one State) on the big contribution mining investment in WA has made to today’s great National Accounts result for Australia. So besides WA and Queensland, the rest of Australia is pretty ordinary. I have no doubt interstate migration to Queensland will surge again soon.

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