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The
O'Loughlin Report
Greetings!
Well 2012 has arrived and the dialogue regarding the defaults and financial hardships of Europe and it's constituency is already getting me down. I am receiving emails from fund managers outlining the financial Armageddon we are about to be set with. But you know what, I couldn't care less! Listening to this claptrap, as Alan Jones would say, only encourages the 'self-fulfilling prophesy'. I would rather look to the positives sitting on the horizon, and there is one thing for sure: 2012 is going to be a year of change!
We have Local, State and Federal elections looming, and in all likelihood there are going to be changes at State level as well as Federal level if the pundits are right. This will only encourage an air of optimism... for without optimism there is no hope!
On a serious note, however, the quest for outstanding talent never ceases. Already the jobs market is bristling and I've only been back at my desk for 24 hours. The outlook I think is positive with the Energy, Mining and Resources sectors screaming out for talent. The professional services sector has huge pent-up demand for qualified staff and the Banking sector will continue to evolve and rationalise. Whilst Construction and Property Development are down, the skyline in South East Queensland is littered with cranes, so something must be happening.
In reality, many things don't change in a cycle such as we have. People still need to eat, be transported, be clothed, be educated, etc... I think you know where I'm coming from. On the up side, China and India have an already insatiable appetite for our resources, and their demand won't slow down - it's just the dynamics of the global economy that may slightly alter.
I think I can safely say it is going to be an exciting year!
Paul O'Loughlin
Managing Director
The O'Loughlin Group
Level 24 / 12 Creek Street
BRISBANE, QLD 4000
(07) 3007 1800
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