Economy going gangbusters

johnboy 18 April 2011 3

Katy Gallagher is taking credit for the latest data from the Commonwealth Bank showing Canberra’s economy is booming (if the cranes on the horizon weren’t telling you that already).

Dwelling construction, new home loans and population growth in the ACT are all reported to be above decade averages and ahead of other jurisdictions, which are assessed on eight key indicators of economic growth, retail trade, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements.

“The encouraging results of today’s report show the Stanhope Government continues to support a strong economy for the ACT community,” Ms Gallagher said.

“The outlook for ACT retail spending remains positive. The latest retail trade data indicates turnover increased by 2.4 per cent in the ACT year-on-year to February 2011, and the growth rate was slightly above the national growth rate in the last four months.”

There are, however, concerns about what the commonwealth budget will do to Canberra’s economy.

A bunch of redundancy payouts hitting the economy will probably be pretty good.


What's Your Opinion?

Please login to post your comments, or connect with
3 Responses to Economy going gangbusters
Chop71 Chop71 9:28 am 19 Apr 11

benjee said :

Well I want to go elsewhere and spend my money, but I’m stuck on the GDE…….

I’m on a roundabout

benjee benjee 4:14 pm 18 Apr 11

Well I want to go elsewhere and spend my money, but I’m stuck on the GDE…….

LSWCHP LSWCHP 4:14 pm 18 Apr 11

Well everybody knows that we’d all be stuffed without the ACT government out there fighting the good fight for us. All good things that happen in the ACT are entirely due to the activities of Mr Stanhope and his colleagues. Thank (deity) that we have these excellent people looking out for our interests.

Where would we be without them? Hmmmmm??

CBR Tweets

Sign up to our newsletter

Region Group Pty Ltd

Search across the site