WE DARED YOU TO DREAM ... AND WE WERE RIGHT ON THE MONEY
Written on the 8 June 2012
SOMETIMES dreams come true, and that’s the case right now for readers of Gold Coast Business News.
The cover story of our April edition (pictured) highlighted six signs that indicated the economy may have battled through its darkest days and was beginning to show the first shoots of new growth.
Under the heading “Dare to Dream’’, we examined and analysed key data across a number of sectors including discretional consumer spending, particularly at theme parks and other entertainment venues and increased infrastructure investment and commercial construction.
The promising indicators we identified in the latest national economic data released yesterday.
Australia currently has the healthiest economy in the world. The latest GDP figures, which represent the volume of goods and services produced, surged 1.3 per cent in the first three months of 2012 and grew 4.3 per cent from the same time last year.
Leading the way was strong investment in non-residential and infrastructure construction along with increased spending by consumers on lifestyle activities including outdoor entertainment.
The Gold Coast still has a way to go with property and tourism battling hard, but the latest numbers will be heartening encouragement.
Gold Coast Business News reader Jim Taylor is among those who agree with our May assessment. Taylor, the managing director of Gold Coast Unique Homes, reveals his business has experienced more activity in recent weeks than any time in the preceding 18 months.
“Many lacked the confidence to proceed but that confidence is back,’’ Taylor says.
The latest GDP growth almost certainly ensures the Reserve Bank will sit tight on interest rates next month after its 25 basis-point cut earlier this week.
And the Carbon Tax is just around the corner.
To ensure Gold Coast Business News readers stay ahead of the curve, next month’s edition will be a definitive guide for business on how to prepare for the introduction of the new tax on July 1.
The comprehensive coverage will identify industry sectors most likely to be impacted and contain key tips on how to minimise the impacts of the new tax.
Stay a step ahead of your business rivals with Gold Coast Business News – out now at a newsagent near you.