DELOITTE FORECASTS STRONG GROWTH IN QLD

Written on the 19 June 2015

DELOITTE FORECASTS STRONG GROWTH IN QLD

THE outlook for economic growth in Queensland is positive despite subdued business sentiment brought about by a downturn in energy and resources commodity prices, according to Deloitte.

The accounting firm has forecast 4.3 per cent growth in FY16, in comparison to 2.3 per cent growth in the previous period.

Deloitte Queensland managing partner John Greig says the state is an exciting growth market and forms a key part in the firm's national strategy.

"The momentum of Deloitte in Queensland remains strong despite the challenging business environment," Greig says.

"We understand what business needs to do to thrive in a world of rapid change and disruption, and so over the past year we have continued to build and deepen our capability in Queensland.

"Deloitte in Queensland recorded a very healthy double digit organic growth in FY15."

Nationally, Deloitte has reported a 15 per cent increase in overall growth with national revenue of $1.336 billion in FY15.

"This growth is driven by transactions and advisory work focusing on improving productivity and efficiencies including cost reduction," Greig says.

"I am particularly delighted that once again our talented women in Queensland feature so strongly in this year's partner promotions, boosting our female partner cohort to 27 per cent of the Queensland partnership.

"I firmly believe that continuing to increase our diversity at Deloitte will ensure we more effectively tap a new talent stream that better reflects the increasingly varied government business and social issues that Queensland faces as the market continues to diversify.

"And in our determination to build a better, more diversified Australia, we will continue to anticipate the market shifts so Deloitte is 'one step ahead' and mirrors Queensland's momentum as it retakes its economic mojo."

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