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Yeah sorry I should've been clear, I'm talking specifically about Queensland (and WA is another state that's at risk, and are were in a recession as of the begi
by girvo 10y ago
Yeah sorry I should've been clear, I'm talking specifically about Queensland (and WA is another state that's at risk, and are were in a recession as of the beginning of this year, from what I can see).
This doc is a couple years out of date, but worth looking at: https://www.treasury.qld.gov.au/economy/the-queensland-economy/qld-resources-sector.php https://www.treasury.qld.gov.au/economy/the-queensland-econo...
While in raw numbers it might not seem grim, the effects from what I've seen can be rather outsized; more to the point, a lot of communities in Queensland are reliant on mining to exist at all and are struggling with the current downturn in mining investment and work (though, local effects don't generalise well, of course).
The current effects are having an impact on Brisbane's GDP:
"Significant drags on the Brisbane economy included Professional Services (-0.3 percentage points) and Mining (-0.3 percentage points)."
https://www.sgsep.com.au/publications/brisbane-gdp-2015-2016 https://www.sgsep.com.au/publications/brisbane-gdp-2015-2016
Anyway, thanks for sending me on a neat research journey :)