Labor welcomes State Final Demand result

Tasmanian Labor

Tasmanian
Labor welcomes today’s State Final Demand result, with a 3.3% increase for the
quarter.

Shadow
Treasurer David O’Byrne said this was a good result in line with the
improvement in the national economy.

“The State
Final Demand result for this quarter is welcome, but the Government cannot be
complacent,” Mr O’Byrne said.

“As history
tells us that the Tasmanian economy does respond quickly to stimulus and
equally struggles once the stimulus is removed.

“With
JobKeeper winding back and a failure to deliver key infrastructure projects the
Government must not sit on its hands.

“Tasmania’s
jobs recovery is behind all of the states except for Victoria, unemployment
rates outside Hobart are among the worst in the country and Tasmanian wages are
$12,000 below the national average.

“This result is good for Tasmania, but the continued impact of COVID-19 cannot be underestimated.”

David O’Byrne MP

Shadow Treasurer

/Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.