Media | State News

Queensland economy stalls under Labor

4th September 2019

The Palaszczuk Labor Government’s economic agenda is failing, as new data released today shows Queensland’s growth rate flat lined in the June quarter.

LNP Deputy Leader and Shadow Treasurer Tim Mander said it’s more evidence Labor isn’t working.

“Queensland’s economy did not grow at all over the June quarter,” Mr Mander said.

“Under the Palaszczuk Labor Government Queensland’s economy has stagnated, below the Australian average growth.

“This once again proves that you can’t tax your way to growth.

“Labors ten new or higher taxes have been slugged on Queenslanders since the last election and its hit the economy like a sledge hammer.

“What’s also concerning is both private and public capital investment decreased substantially over the past quarter - costing jobs.

“Queensland had the largest fall in private capital formation in the whole nation, of 5.5%.

“Annastacia Palaszczuk is the weakest Premier in Queensland’s history and these alarming figures show she doesn’t have a plan for economic growth or creating new jobs.

“Queensland has the highest unemployment rate in mainland Australia.

“We are the only state in the nation where weekly earnings have gone backwards and Queensland has also become the bankruptcy capital of the country.

“The economy has ground to halt and Annastacia Palaszczuk and her dodgy Treasurer Jackie Trad have absolutely no idea how to fix it.

“Only the LNP has an economic and job-creating plan to grow the economy and create jobs.”