The CCIWA report says the outlook for WA's economy remains largely positive, with growth to be underpinned mainly by large-scale business investment.abc.net.au/news/cciwa-economic-outlook-report-western-australia-/102086058As the global economy "teeters on a knife edge", Western Australia is well positioned to withstand a possible worldwide recession, according to the Chamber of Commerce and Industry WA .CCIWA forecasts the state's economy to grow 3.
"Against this backdrop, Western Australia’s economic fundamentals remain as solid as ever. Our domestic economy is now 12 per cent bigger than what it was pre-COVID and the number of Western Australians in full-time work continues to grow." However, the business body believes there are signs that inflation appears to have peaked, with some global supply chain issues having now eased.CCIWA forecasts that WA's domestic economy is on track to grow 3.5 per cent this financial year, compared to 5.6 per cent last year.
Major LNG projects, such as Woodside’s Scarborough and Pluto 2 extension, are expected to ramp up investment this year, along with a number of newly announced projects in the resources and agricultural sectors. “Looking ahead though is a different story, with early signs that consumption is set to ease,” the report stated.
All we do is dig up rocks and send them to China = 9% of GDP. Staff with skills are all contractors because BHP & RioTinto are owned by wef through activist investor blackrock. On day 1, we received 'new hiring guidelines.' 1. Female, 2. Under 30, 3. Degree qualification.
WA reliant on Digging up the Australian Landscape for $ export profits from Worlds Biggest Dirtiest Polluting Countries - who manufacture weapons & infrastructure to use against us! There IS NO Greenwashing Mining no matter How Hard they advertise & try!
WA is a quarry. The outlook is good for so long as there are rocks to dig up. Beyond that, poverty.
Westralia thank you
Gotta extract that iron ore to send to China so they can build their hundred submarines - right Gina?