Qld at risk from global share plunge - Bligh

PLUNGING global share markets will have an immediate impact on Queensland's export-dependent economy, Premier Anna Bligh says. The Australian share market slumped by around four per cent this morning following a similar drop on Wall Street over rising fears of another economic downturn and worries Europe's debt problems will widen. Ms Bligh said it was an anxious time and she hoped markets would pick up. "The last thing we can afford here in Australia is another global financial crisis," she told reporters today. "This is a very worrying sign in the world markets, but it is very short term, it's just started, so let's just wait and see before we get too anxious." But she said Queensland's economic fortunes were at stake. "What happens in world markets is immediately felt in the Queensland economy because we are a big exporter. Start of sidebar. Skip to end of sidebar. End of sidebar. Return to start of sidebar. "It won't be good news for Queensland or Australia if it continues."