Independently review accounting papers show in 2011-12, the Queensland economy was growing at 4.7 per cent under Labor and in 2013-14 growth had halved under the LNP to 2.3 per cent. This means there was a 0.6 per cent contraction in the December quarter,
Mr Pitt, Queensland Treasurer said “the dying days of the Nicholls-Newman Government, was the single worst quarterly contraction in 30 years.”
LNP’s legacy is three years of economic mismanagement underscored by mass sackings, rising unemployment
The comments made by Newman and the LNP about Queensland being on a ‘power dive into the abyss’ were not helpful and lead to a self fulling prophecy. The LNP continually talked down the economy to perpetuate the idea of a “budget emergency”.
The Treasurer said the LNP’s legacy is three years of economic mismanagement underscored by mass sackings, rising unemployment, bumbling policies and subdued business conditions.