Queensland’s economy began to recover in 2010. While the extent and pace of recovery has been patchy, most key indicators do appear to be heading in an upward direction. The outlook is positive, although the floods and cyclones of early 2011 have and will impact. State government growth forecasts for 2010-2011 have been revised down from 3.0% to 1.25%. Growth is then expected to pick up substantially as reconstruction comes to the fore and longer term drivers including resources, agriculture and tourism strengthen again.
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Queensland’s economy began to recover in 2010. While the extent and pace of recovery has been patchy, most key indicators do appear to be heading in an upward direction. The outlook is positive, although the floods and cyclones of early 2011 have and will impact. State government growth forecasts for 2010-2011 have been revised down from 3.0% to 1.25%. Growth is then expected to pick up substantially as reconstruction comes to the fore and longer term drivers including resources, agriculture and tourism strengthen again.