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A NEW report by Deloitte has highlighted the strength of the Queensland economy, with retail and housing construction proving to be top performers.
The Deloitte Access Economics Business Outlook released today, analyses the business environment in Australia and forecasts prospective growth opportunities.
“Australia is an economy in transition, with its economic strength gradually shifting from the resource states back towards the south and east.
“Yet that transition will be patchy, particularly thanks to the resilience of project spending in Queensland and the top end.”
The report shows that Queensland is the only state in Australia continuing to spend on engineering construction, with money being invested in numerous gas projects and exports.
“Queensland has still got gas in its tank with the mega gas developments still underway and is also projected to be an outperformer in both retail and housing construction, with our forecasts seeing the state accounting for a rising share of these growing national markets,” he says.
Queensland treasurer Tim Nicholls says despite the promising results, more infrastructure development is required.
“We know there is more to do and that not all Queenslanders are yet experiencing the full benefits of this growth,” he says.
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