NSW Treasury prepares for minor hit to growth

Monday 2 March 2020

I assume that they are joking, via Domain:

Economic growth in NSW could slump to the lowest rate since the recession of the early 1990s as key industries in the state struggle with the effects of the coronavirus outbreak and summer bushfires.

Modelling by NSW treasury shows the combined impact of the bushfires and coronavirus, or COVID-19, will detract between one third of a percentage point and two-thirds of a percentage point from state growth this financial year.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.