As Victoria’s population boomed, residents went bust

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In this week’s State Budget speech, Treasurer Tim Pallas suggested Victoria was the nation’s economic powerhouse lead-up to the COVID-19 pandemic:

Speaker, under this Government, Victoria began 2020 as a national leader in jobs growth.

Half a million more Victorians had found work since we were elected in November 2014.

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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.