In its quarterly State of States report CommSec says Tasmania has again held on to top slot and is likely to remain so in the short-term, but it warns much can change over 2022.
WA has benefited from a surge in iron ore exports and prices, while SA has enjoyed strong government and business investment.Each quarter CommSec assesses state and territory economies on eight key indicators - economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencements.
“While both of these economies could scale the rankings again, new challenges are presented by COVID-19 restrictions and the resulting labour shortages - not just for NSW and the ACT but for all economies.”
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