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Mayor delivers upbeat economic outlook

Bundaberg Region economy
Bundaberg Region Mayor Jack Dempsey at the Hinkler Innovation Series event.

Mayor Jack Dempsey delivered an upbeat message about the Bundaberg Region's economy and prospects at Thursday's Hinkler Innovation Series event.

“While our region experienced jobs losses in 2020, our overall economy has performed relatively well,” he said.

“Despite the worst economic conditions in almost 30 years, our economy shrunk by only 1.2 per cent over the 12-month period to September this year.  

“This is comparted to a 4.7 per cent fall in the size of the Australian economy, and a 3.1 per cent fall in the state economy.

“This resilience shows our economy has performed well in dealing with COVID-19.

“It also shows we are far better positioned than many other regions to climb-out the other side of the 2020 recession.”

Mayor Dempsey said the “green shoots of recovery” were already evident in the Bundaberg Region economy.

“In terms of construction, our planning department has never been so busy and local building activity is up,” he said.

“This activity positions us better for 2021, and for a more rapid recovery.

“Over the next 12 months, Council also intends to keep working hard and playing a big role in the local economy.  

“This work will build on the projects and initiatives Council has delivered in 2020 despite the disruption of COVID-19.”

Mayor Dempsey commended residents and businesses on how they managed during the pandemic.

“The way our community responded to so many challenges is a testament to our region’s resilience — our ability to adapt and pivot in the face of change and uncertainty,” he said.

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