Category Archives: Business

Business stories by James Drew

QST_SWN_IANHARPER

Australia “rosy as” says top economist

A LEADING Australian economist has used a visit to Springfield to paint a rosy picture of Queensland and the country’s economic outlook.

Professor Ian Harper of Deloitte Access Economics said Australia was more than just a “quarry and farm” and predicted growth would stay on trend at three per cent as the mining boom shifted gears from its capital investment phase to long-term resources export.

Speaking at the University of Southern Queensland’s Springfield campus earlier today, Prof Harper said talk of possible recession in Australia was unfounded and that there was a disparity between the bleak economic perception and brighter reality.

“Things have been bumpy along the bottom internationally but there’s no disaster here,” he said. “The long term outlook for us is as rosy as it could possibly be for a country of 23 million people.”

He said the manufacturing industry would change but survive, and there would be ongoing demand for Australian services and commodities as the growth of the middle class in China and India continued.

See the full story at Quest News.

– James Drew

Deloitte Access EconomicsIan HarperProfessorQuest NewsspringfieldUniversity of Southern Queensland

Mayor Pisasale labels his $378m budget as “doing more with less”

THE rates bill on an average owner-occupied home in Ipswich rose by 3.63 per cent to $1112.76. The rates rise was part of Ipswich City Council’s $378 million “doing more with less” budget, handed down by Mayor Paul Pisasale last Wednesday.

Division 2 Councillor Paul Tully said it was a moderate rates increase for difficult economic times.

“We’ve tried to keep the rate rise to a minimum but keep services,” he said. “People never like paying more but we’ve kept it within the level of inflation.”

Also on the rise is Council’s debt, now at $432.9 million, up $13.8 million. Council’s long-term projections expect that debt to be reduced to $330.5 million by 2022-23.
Councillor David Morrison, Division 1, defended the debt, saying it is under control.

See the full story at South-West News.

– James Drew