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RBA Stevens: Economic Conditions and Prospects
Thank you for the invitation to be in Brisbane again. Economic conditions in Queensland have been quite varied over recent years. In some ways the forces at work have been in parallel to those in the national economy. On the one hand, the expansion of the mining and gas sectors has driven strong growth in some of the regions. In the past four years, business investment in Queensland rose by 75 per cent, totalling $230 billion over that time and almost $70 billion during 2013 alone. The proportion of national investment occurring in Queensland has been unusually high. Investment in the mining sector may now have ... (full story)
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