Queensland Economic Advocacy Solutions

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Queensland's domestic economy - June Quarter 2019

Key points:

Over the year to the June quarter 2019 Queensland's domestic economy in trend terms grew by 0.9% on par with growth in the national domestic economy (0.9%). GDP growth for Australia over the year was 1.5%.

Queensland's domestic economy in trend terms grew by 0.3% in the June Qtr 2019 and compares to national domestic growth of only 0.2% (GDP 0.4% includes net exports). Tasmania leads the way (0.6%) followed by Victoria.

Queensland's domestic economic growth in context. Over the past year Queensland's domestic economy has grown in trend terms by only 0.9% exactly half of the ten year average (1.8%). The only consolation is it mirrors national performance (yearly %: 0.9% 10 yr ave: 2.4%).

Queensland's domestic economy is relying on Government spending to keep our economy growing (not going into recession)

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