The latest report from Commsec on the State of the States shows Queensland‘s economy surging ahead with a 35% increase in economic growth over the last decade’s average.
South Australia‘s strong lead in Housing and Construction have moved it up to third position just behind a resurgent Tasmania.
Highlights in Victoria centre around a big jump in Retail spending, whilst NSW was well ahead in Equipment Investment and low Unemployment.
The losers were WA and NT whose boom-bust economies are waiting for a boost from mining which again is dependent to a large degree on the Chinese economy.
Image: Image : Shutterstock – f11photo
Produced By: Roderick Chambers
Featured In Story: Craig James – Chief Economist COMMSEC
First aired on The Wire, Tuesday 24 January 2023