What the recession means for Dalby residents
THERE is widespread concern about the future of Australia’s economy after the Federal Government announced that the country is now in a recession.
Dalby Chamber of Commerce president Rohan May said the situation has been brewing for a while and the declaration of a ‘recession’ reflects what people already know.
“I think we’ve been experiencing slow growth and a recession for some time,” he said.
“The formal declaration of a recession just reflects the situation of businesses in Dalby.”
Mr May is particularly concerned about the risks of youth unemployment.
He said young people will leave “regional centres” if there are no employment opportunities for them in town.
But Dalby has a competitive advantage according to Mr May, because of low house prices and relatively low unemployment rates before COVID-19.
“If we’ve got ongoing full-time work, there’s going to be opportunities in these areas,” he said.
“Anything that the hospitality and tourism sectors can do to get bums on seats is good.”
Mr May would like the community to put the situation into perspective before becoming too concerned.
“We need to take a measured view of it,” he said.
“Look at the US, look at Europe in terms of their attraction for the March quarter.”