Deloitte has released today their Economics Business Outlook report that showed Queensland leading all other states in the next several years due to favourable market conditions. Deloitte forecasts a 5% growth in 2015 – 16 in Queensland’s gross state product, making it a top state for the first time in a decade.
The expected growth in the Sunshine State is due to surging coal and gas exports, with over 200 million tonnes of coal exported annually. Queensland’s potential for growth is expected to overshadow the end of the mining boom, as the Australian dollar continues to fall and interest rates remain at record low levels.
Read more about this on the Cairns Post website.