Hunter Economy Softens

Filed under Event & Venue, News ~ by Press on  25 Jul 2019

Hunter regional business performance softened dramatically in the first half of 2019, according to the latest Hunter Region Economic Indicators analysis, due for release at the Hunter Economic breakfast in Newcastle this morning (26 July 2019).

Dr Anthea Bill, lead economist for Hunter Research Foundation (HRF) Centre, said Hunter businesses’ confidence in the regional economy for the next 12 months improved slightly in the first half of 2019. This followed a sharp downward correction in the second half of 2018.

This result is consistent with a national spike in business confidence motivated by the recent federal election results and Reserve Bank interest rate cuts,” Dr Bill stated.

The business outlook for the region over the next three months, however, weakened further. It is now at its lowest point since mid-2016.”

Dr Bill will provide insights on the regional economy at Friday’s breakfast. This will include analysis of the latest regional data on business’ use of information and communication technology.

Lucy Turnbull AO, Chief Commissioner, Greater Sydney Commission, is guest speaker at the breakfast. She will address the topic of Collaboration and influence: building consensus for a regional future.

Ms Turnbull shares her unique experiences and insights in creating consensus and effectively exerting influence around strategic initiatives. As a former Lord Mayor of Sydney, former Chair of the Committee for Sydney, and in her role as Chief Commissioner, Ms Turnbull has succeeded in building collaborative partnerships in a range of arenas.

Collaboration and vision are the key themes of the 2019 Hunter economic breakfast series. Ms Turnbull speaks at a pivotal point in the development of the Hunter region. Regions and cities where leaders are collaborating with a shared vision and an agreed set of priorities are attracting major public and private investment, according to national and international evidence.

A measure of regional cooperation is evident with the  Hunter Joint Organisation of Councils and the new and evolving Committee for the Hunter. What further insights into collaboration and influence can enable Greater Newcastle to create consensus around strategic initiatives and to influence key players inside and outside the region?

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