VIC Premier
Victoria’s economy is forecast to be the fastest growing in Australia in 2021, according to the
Deloitte Access Economics Business Outlook Report released today.
The report estimates Victoria’s economic growth will hit 5.4 per cent this year, leading Queensland (4.7 per cent), New South Wales (4.2 per cent), Western Australia (3.5 per cent), South Australia (3.4 per cent) and Tasmania (3.4 per cent).
Treasurer Tim Pallas said the assessment is welcome news and supports recent economic indicators showing Victoria’s economy is rebounding, with strong growth in employment and retail spending. Mr Pallas said the report reinforces the Labor Government’s strategy of suppressing coronavirus (COVID-19) and rebuilding the economy.