Economic growth in Queensland falls to 1.8 per cent – below the national averageGrowth has been revised down three times on Labor’s watchThis is the cost of a do-nothing Labor Government
Economic growth in Queensland has fallen yet again under Annastacia Palaszczuk, down to just 1.8 per cent last year.
Shadow Treasurer Scott Emerson said the figures released by the Australian Bureau of Statistics today, show Queensland’s growth lagging behind the national average of two per cent.
“Annastacia Palaszczuk and her under-fire Treasurer originally forecast economic growth at 4.5 per cent, but have delivered just 1.8 per cent,” Mr Emerson said.
“At the time of the last budget Labor estimated economic growth at 2.75 per cent and in the space of less than six months it’s been slashed by almost one per cent.
“Today’s poor economic news comes a day after yesterday’s unemployment figures, which showed Queensland had the worst unemployment rate on mainland Australia at 6.0 per cent.
“This is the real cost of a do-nothing Palaszczuk Government and a bumbling Treasurer. Our faltering economy means less jobs for Queenslanders and a tougher environment for local businesses.”
Mr Emerson said the ABS figures were the result of savage cuts to infrastructure spending under Annastacia Palaszczuk last year.
“Labor is stalling growth by slashing infrastructure spending, over the last two years,” he said. “In just two years under Labor, business investment has fallen by $13 billion. Queenslanders can’t afford another two years of Annastacia Palaszczuk’s economic management.
“Only the LNP has the positive plans to build a better Queensland, deliver cheaper electricity and reduce business taxes to deliver 500,000 new jobs over the next decade.”
