Welcome to The State of the Deal including the 194th edition of the Deloitte Queensland Index, a review of Queensland listed companies on the Australian Securities Exchange (ASX).
Global equity markets have seen significant volatility in Q3 2022, driven by concerns around rising inflation and a possibility of a global recession. Central banks have continued to increase interest rates, putting downward pressure on company valuations. Queensland-listed businesses have remained resilient against this backdrop, with the total capitalisation of the Deloitte Queensland Index staying stable at $111.5b.
Our Queensland Economic Update considers headwinds and tailwinds currently facing Queensland. Amongst the headwinds are interest rate rises and tight labour market, while tailwinds include the resurgence in household consumption and growth in the value of Queensland’s exports such as coal, gas and beef.