The appalling outlook of Queensland's economy under Annastacia Palaszczuk is dealing a massive blow to business confidence, LNP Deputy Leader and Shadow Treasurer Tim Mander warned today.
"The latest CCIQ Pulse Survey demonstrates that not only has Queensland's economic outlook taken a nosedive, it shows business conditions and profitability are rapidly weakening," Mr Mander said.
"Between the Palaszczuk Labor Government's five new taxes and Queensland having the highest unemployment rate in the nation, it's easy to see why business confidence is in freefall.
"This is just the latest damning report to confirm the Palaszczuk Labor Government's economic mismanagement and is hot on the heels of the CommSec State of State, which put the Queensland economy in an embarrassing sixth position.
"Only the LNP, with its commitment to supporting businesses, no new taxes, and putting downward pressure on electricity prices, can revive Queensland's economy and business confidence."