In news that will be music to the ears of investors eyeing up the sunshine state, Queensland is said to be poised for nation-leading economic growth according to independent forecaster Deloitte Access Economics.
Speaking from Hong Kong, where he’s undertaking an international investor roadshow, Treasurer Curtis Pitt welcomes Deloitte’s upbeat assessment in its Queensland Business Outlook report for September 2015, released last week.
“According to Deloitte, the outlook for the Queensland economy over the next five years is positive,” he says. “They’ve identified tourism, agriculture and housing as some of our strengths, along with growing LNG exports. This has led Deloitte to predict Queensland will outstrip all the other states and territories in economic growth over the next two financial years.
“Deloitte is forecasting the Queensland economy will grow by 4.5 per cent this financial year and by 4.0 per cent in 2016-17.”