ABS shows state economy shrinking, unemployment rising

Published: Comments:
Employment & Training Political Queensland Government

Social:   

New figures released by the ABS today show Queensland had the worst-performing economy of any state in the last quarter.

The state's seasonally adjusted final demand fell by 0.4 per cent in the September quarter, due in large part to a decline in engineering and construction work.

LNP Deputy Leader and Shadow Treasurer Tim Mander said Queensland now had worst-performing economy and highest unemployment of any state in the nation.

"After four years of Labor, Queensland's economy is going backwards," Mr Mander said.

"Nationally the economy continues to grow, so the problems we face are down to Annastacia Palaszczuk's economically incompetent government.

"All Annastacia Palaszczuk has delivered is tax, unemployment, debt and a shrinking economy.

"Queensland used to be Australia's economic powerhouse, but we're fast becoming a basketcase."

Mr Mander said with a massive fall of $422 million in private non-dwelling construction and a fall of $644 million in business investment, it was no wonder Queensland's economy had collapsed.

"This just goes to show you can't tax your way to growth," Mr Mander said.

"The Palaszczuk Labor Government has also refused to rule out any new taxes on top of their five new taxes that are already weighing the Queensland economy down.

"The Palaszczuk Labor Government is costing Queenslanders their jobs.

"Only the LNP with its commitment to no new taxes and to cutting red tape can ensure that Queensland's economic future is secure."

 
LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
07 3844 0666
07 3844 0388
LNP :  Liberal National Party
Showing 10+ recent articles for this business
Labor breaks promise to lower Queensland's unemployment rate 21 February 2019 | Unemployment figures released by the ABS today have revealed Queensland's unemployment rate remains alarmingly high at 6.1%. More information...
Labor's botched VMS must be halted and reviewed 21 February 2019 | Commercial fishers have had enough. Labor's ideologically anti-fishing policies have ripped the guts and profitability out of Queensland's once great commercial fishing industry. More information...
Waste tax turns QLD timber to dust 21 February 2019 | New revelations today have uncovered that Labor’s waste tax strategy will force up the price of hardwood timber, as mills pay millions of dollars for the dumping of sawdust, that would have otherwise been... More information...
Mason Jett Lee Sentence ~ LNP Shadow Attorney-General and Shadow Minister for Child Safety 20 February 2019 | This is why the LNP introduced the Mason Jett Lee Bill aimed at toughening sentences for those who kill innocent and defenceless children. More information...
Botched VMS must be halted and reviewed by Labor 19 February 2019 | LNP Shadow Minster for Fisheries Tony Perrett and the Queensland Seafood Industry Association has called on the Palaszczuk Labor Government to halt the Vessel Monitoring System (VMS) rollout and complete a deta... More information...
Woolworths breaks $1L milk deadlock 18 February 2019 | Liberal National Party Shadow Minister for Agriculture Tony Perrett has commended Woolworths for effectively ending the milk wars. More information...
Palaszczuk's petty politics means Queensland domestic violence victims aren't being protected 16 February 2019 | It's disgraceful that the Palaszczuk Labor Government has refused federal funding to monitor domestic violence perpetrators with the use of GPS tracking. More information...
Labor slow out of the gate to deal with animal cruelty allegations in racing 16 February 2019 | LNP Shadow Minister for Racing John-Paul Langbroek has slammed the Palaszczuk Labor Government for its weak response to serious allegations of animal cruelty by a trainer, after it was revealed the trainer's... More information...
Queenslanders slugged while Labor pockets waste tax 14 February 2019 | The biggest new tax of the second term of the Palaszczuk Labor Government has been rammed through Parliament with nearly two dozen MPs gagged from speaking. More information...
Labor fails Queensland in 'Closing the Gap' report 14 February 2019 | Queensland's Aboriginal and Torres Strait Islander communities are being neglected under the Labor Palaszczuk Government, following the release of the 2019 Closing the Gap Report today. More information...



Social:   
comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service