The other side of COVID: How is Ipswich’s GRP holding up?
The other side of COVID: How is Ipswich’s local economy and GRP holding up?
With the news that Australia appears to have emerged from a short-lived recession, these numbers are sure to change in the next comparison period, and while the pandemic is certainly not 'over', mentally many Queenslanders in particular are looking past COVID and resuming normal life patterns.
I’ll spare the introductive narrative regarding COVID-19 and the impact to the wider economy, as no doubt you are certainly well aware of that story particularly if you are employed within industries outside of government.
The team over at .id have released some new data which gives us some indication of how our local economy is holding up compared to wider Queensland.
GRP Change: September Quarter 2020 comparison to the same period last year
| Ipswich | Queensland |
|---|---|
| -3.4% | -3.1% |
Local Job Change
| Ipswich | Queensland |
|---|---|
| -2.2% | -2.2% (without JobKeeper) |
Employment Resident Change
| Ipswich | Queensland |
|---|---|
| 1.0% | -0.2% (without JobKeeper) |
Top 3 sectors impacted the most.
1. Accommodation and Food Services
2. Manufacturing
3. Transport, Postal and Warehousing
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