Bright outlook for Qld economy

I agree with Access Economics’s assessment of the Queensland economic outlook reported in the Courier-Mail this morning:

THE future for Queensland is bright, with the state back in control of its mojo.

That’s the upbeat view of Deloitte Access Economics, which released a report that found the state has recovered from an onslaught of natural disasters and remains well placed to take advantage of fast-growing Asian markets.

Despite the two-speed economy affecting different industries and regions, Deloitte partner Chris Richardson said Queensland’s economic growth was “roaring back in to life”.

“In part that is a rebound in coal and farm sector production from last year’s lows.

“But an even bigger part has been played by the resource development boom,” Mr Richardson said.

Recent posts of mine on Queensland’s economic outlook include:

Qld employer surveys suggest solid employment growth over rest of 2012

Qld credit rating downgrade by Fitch would be unjustifiable

Qld & WA the winners in the two-speed economy

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