New data out today has raised another red flag for Tasmania’s economy, with business investment showing no signs of recovery.
Figures from the Australian Bureau of Statistics show private capital investment for the June quarter remained flat after two quarters of decline.
Worryingly, investment for the quarter was around $90 million less than the September quarter last year.
The figures are the latest to underline the warning signs over Tasmania’s economy and are another wake-up call for the Liberal government.
They follow a recent report by Deloitte forecasting that Tasmania will experience the worst economic growth of all states this year.
The Premier Jeremy Rockliff and his Treasurer Michael Ferguson have dropped the ball on the economy and appear to be incapable of delivering the basic measures Tasmania needs to build a strong economy and future for the state.
The Liberals have had almost a decade to deliver on their promises but, instead, they continue to make meaningless announcements and try to spin bad news into good news.
It is time they got their priorities right and delivered the economic future they have promised Tasmanians.
Shane Broad MP
Shadow Treasurer
