Ai Group – State economies snapshot: June 2018

Australia’s economy continued to improve into early 2018 with GDP growth lifting to 3.1% p.a. in Q1 2018. Victoria is the standout performer on the back of strong population growth, closely followed by Tasmania and NSW. Economic conditions across the states (particularly Victoria and NSW) are benefitting from ongoing solid infrastructure construction and government spending. Annual growth is continuing in SA and WA despite a softening in momentum.

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