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
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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
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