The Queensland economy continues to suffer under the Palaszczuk Labor Government according to the latest CommSec State of the States Report.

Deputy Opposition Leader John-Paul Langbroek said according to the report, Queensland is now part of a ‘third tier of economies’ slipping back to sixth in relation to economic growth.

“Since Labor has taken office, we have seen report after report showing the Queensland economy going backwards,” Mr Langbroek said.

“This latest report highlights a concerning drop when it comes to Queensland’s economic growth, construction work, equipment investment and population growth since the state election in January.

“Unemployment is among the weakest in the nation and Queensland is ranked third last in relation to construction work done.”

Mr Langbroek said these figures paint a very glum picture of Queensland’s future under Labor.

“We have warned time and time again that without a plan, without a stable environment for business to operate in and job-creating infrastructure, the Queensland economy will go backwards,” he said.

“Instead of addressing these concerns, Treasurer Curtis Pitt last week handed down a budget that was bad news for the economy, bad news for jobs and bad news for business.

“While Labor promises to be ‘pro-jobs’, the reality is there was nothing that encouraged business confidence in Treasurer Pitt’s budget.”

Mr Langbroek said in stark contrast the LNP has a Real Economic Plan that will deliver jobs and boost the Queensland economy.

“The LNP will deliver a positive plan that includes lifting the infrastructure freeze imposed by Labor and reducing payroll tax,” he said.

“Our plan focuses on five key priority areas, including services and knowledge based industries that will secure our financial future ensuring Queensland has a resilient economy.

“The LNP is the stable and experienced alternative to this bungling Labor Government and is the only party with a plan to deliver Queenslanders the certainty and stability needed to reduce unemployment and create jobs.”