Brisbane River.
Brisbane River.

Queensland now two years away from good times, says report

HIGH unemployment and weak job growth will see Queensland take at least two years to regain its "sunny, feel-good" factor, according to separate economic reports released on Monday.

But the state government has found reasons to be cheerful, citing improvements in housing construction, tourism and the foreign education market as highlights of the reports.

CommSec's quarterly State of the States index ranks Queensland as the fifth-best performing economy in Australia, unchanged from January, with strong business investment undermined by high unemployment and slow population growth.

Deloitte's Business Outlook for the March quarter reports "the headwinds hitting Queensland's economy have been gathering momentum", with the fallout from the winding down of the mining boom impacting sooner than expected.

However it recognised that Queensland had a "lovely" growth portfolio, with tourism and foreign education benefiting from the falling Australian dollar and housing construction and approvals lifting off the back of low interest rates.

Read more at Brisbane Times


Say, set ... and match

Say, set ... and match

A good conversation is like a ball game

Rollerworld rolls into the Eighties

Rollerworld rolls into the Eighties

Neon night at Rollerworld gets community in a spin

Lismore Business Awards

Lismore Business Awards

Gala event emceed by James Mathison as everyone dressed to celebrate

Local Partners