Ratings agencies warn on Victoria’s soaring debt

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Victoria’s economy is in a precarious position.

The state has the highest unemployment rate in the nation at 5.1%, versus 4.2% across the rest of the nation:

Unemployment rates

Chart from Alex Joiner at IFM Investors

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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.
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