New South Wales' economy forecasts just 1 percent growth amid rising debts
New South Wales' economy is expected to experience sluggish growth, with Treasurer Daniel Mookhey forecasting just 1 percent in the coming year. He attributed the downturn to rising interest rates and turmoil from international conflicts, pointing out that NSW families are burdened with higher mortgage debts compared to other states. Growth predictions have been downgraded significantly since last December.
Summary by OZbrief Editorial · The Age · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 19 Jun 2026, 19:00 UTC · Updated 19 Jun 2026, 19:20 UTC
Summary by OZbrief Editorial. Original report: The Age. Editorial policy · Corrections
Related stories
- Shannon Winchester defends Jemma Stapleton's family amid fundraiser criticism
- Poppy King returns to Australia to launch new lipstick line
- US Treasury Secretary Bessent criticizes Zelenskyy in controversial new book
- Adult conversions to Progressive Judaism rise significantly amid UK antisemitism
- Cardiac rehab participation reduces heart attack risk by 75 percent
- Lisa Taylor discusses parenting struggles and growth through grief and vulnerability
Trending
- Nollamara backyard development under investigation by City of Stirling amid neighbours’ concerns
- Royal Ascot 2026: horse racing updates from day five – live
- Andy Burnham wins Makerfield byelection, emerges as Labour leadership contender
- Europe's AI complacency risks economic collapse by 2031, warns think tank
- Tourists evacuated after fatal hotel fire in the Dominican Republic
- Transport Accident Commission faces scrutiny over costly legal battles and delays