Perth poor not benefiting from post mining boom slowdown"
It is the "post mining boom slowdown" in Perth that is causing "the poor not benefiting" from the mining boom slowdown. The Government's announcement that the mining boom slowdown had subsided suggests the Government has not yet determined how best to address the post mining boom slump.
For a while now Perth has had an excellent record of economic development and business confidence. In 2012-13, Perth ranked 4th in the country for gross domestic product (GDP) and was우리카지노 1st in GDP per capita for Western Australia (5th overall).
In 2011, Perth ranked 5th for the size of its population (1.18 million), and the 5th most populous city for Western Australia.
It was also named 2nd in the world for tourism, 3rd for cultural capital and 4th for economic productivity.
In April 2013, the Perth Chamber of Commerce noted that since 2004 "post mining boom has boosted growth, jobs, and economic prospects for Perth citizens and visitors", while the growth had helped to push the city's unemployment rate down to 5.4% in April 2013, down from 7.8% at the time of the peak of the post mining boom.
If we examine Perth's post mining boom slowdown, there are some obvious reasons to have low confidence in the growth prospects.
Firstly, mining has now stopped in all but two of its four planned projects, meaning that even though this may provide a boost for both Perth and Western Australia, a decline in mining activity will not be experienced by all.
At the same time, the Perth Chamber says the drop in the mining sector's mining output has driven up the unemployment rate since April 2013, making it even harder to bounce back from the downturn that has hit the rest of Australia.
However, the decline in Perth's economic growth and job creation has also caused real estate development to have a negative impact on the local economy.
As of 2013, over 100 new houses were completed in Perth in the past 3 years, as much as was completed across the entire nation and Perth was ranked 7th in the nation for new homes built between 2000 and 2009.
Moreover, this slump in Perth's mining output is likely to continue for the foreseeable future, which means Perth's economic growth, employment and tourism outlook will continue to suffer.
It is worth noting that Perth has the 3rd highest GDP pe