Like Groundhog Day, CommSec has released its latest State of the States report, which again ranks Victoria on top due largely to a combination of strong population growth, construction, and debt-fuelled consumption:
How are Australia’s states and territories performing? Each quarter CommSec attempts to find out by analysing eight key indicators: economic growth; retail spending; equipment investment; unemployment; construction work done; population growth; housing finance and dwelling commencements…
Victoria remains the best performing economy. Tasmania has moved past NSW into second spot but there is little separating the states…
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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.
