According to the latest Deloitte Access Economics report, Queensland’s economy is in the middle of a slump which has been exacerbated by recent natural disasters.Â
The state government has already announced $1.3 billion of economic damages caused by the summer of draughts and floods, however the Deloitte report estimates the figure is closer to $6 billion.
On Sunday the Queensland government outlined the first round of projects funded through its $38 million Queensland Disaster Resilience Fund.