Ex­pert has faith in CQ

Central Queensland News - - CQ INDUSTRY -

EX­PE­RI­ENCED pre­sen­ter and renowned econ­o­mist Dr Keith Suter is con­fi­dent in the fu­ture of Glad­stone and cen­tral Queens­land, which he calls a “go ahead area”.

Dr Suter, the em­cee at Glad­stone En­gi­neer­ing Al­liance’s Ma­jor In­dus­try Con­fer­ence, said Glad­stone’s va­ri­ety of in­dus­tries made it well-placed for a strong fu­ture.

Dr Suter com­mended Glad­stone’s Port, adding its ac­cess to coun­tries within the Pa­cific Ocean made the re­gion squarely in the fore­front to global econ­omy growth.

He said coun­tries to watch were China, In­dia and Viet­nam.

“Th­ese ar­eas are all sig­nif­i­cant in terms of growth and op­por­tu­ni­ties and Glad­stone is in the right place at the right time,” he said.

“It’s such a go-ahead area, even though there’s the ups and downs in the re­source sec­tor.”

But he said it was im­por­tant for the re­gion to di­ver­sify fur­ther in re­new­able en­ergy and in the ser­vice sec­tor, in par­tic­u­lar aged care.

The award-win­ning pre­sen­ter, renowned for ex­plain­ing com­plex global and busi­ness is­sues in a way his au­di­ences can di­gest and un­der­stand, said he would fo­cus on three top­ics dur­ing the Glad­stone con­fer­ence.

Dr Suter said he would em­pha­sise the im­por­tance of the re­sources sec­tor.

“It tends to go up and down, but over­all world de­mand for re­sources will con­tinue,” he said.

“Se­condly we need to look as a coun­try for al­ter­na­tive ways to stim­u­late the econ­omy, that’s why tourism, health care and aged care ap­peals to me.

“If Glad­stone be­comes a good place for re­tire­ment and aged care, that’s labour in­ten­sive and that cre­ates jobs.”

His take-home point for the con­fer­ence au­di­ence is to take pride in Aus­tralia’s econ­omy.

“I teach at the Syd­ney cam­pus of Bos­ton Univer­sity and the Amer­i­cans are very im­pressed with what Aus­tralia has,” he said.

“Gen­er­ally we look at Amer­ica as hav­ing a ro­bust econ­omy but their re­cov­ery rate is not nearly as healthy from the Global Fi­nan­cial Cri­sis than Aus­tralia’s.

“We shouldn’t talk down Aus­tralia’s econ­omy and the Aus­tralian way of life.”

Econ­o­mist Dr Keith Suter is con­fi­dent in Glad­stone.

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