NSW, VIC parasites continue to lead ponzi economy

Advertisement

By Leith van Onselen

CommSec has released its latest State of the States report, which once again ranks New South Wales and Victoria on top due largely to a combination of strong population growth, housing, and debt-fueled consumption:

ScreenHunter_17035 Jan. 22 15.58

Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; business investment; unemployment; construction work done; population growth; housing finance and dwelling commencements….

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.