Speaking at an international investor roadshow, Treasurer Curtis Pitt agrees with Deloitte’s assessment of Queensland’s economy for the upcoming years, citing tourism, agriculture, housing and growing LNG exports as major strengths of the Sunshine State.
Deloitte’s Queensland Business outlook for September predicts Queensland to outperform all other states in economic growth for the next two years. Forecasts show that Queensland is set to record a 4.5% economic growth this fiscal year, and 4.0% in 2016 – 17.
Deloitte points out Queensland’s diverse economy as its major strength, as it has established industries in agribusiness, education, tourism and gas.
International visits are set to increase by 4.9% over the next three years.
Read more about this on the Australian Property Investor website.