Tasmania continues to top nation on economic pace and strength

Peter Gutwein,Treasurer

The ABS has confirmed today that strong investment in Tasmania over the year to September quarter 2019, saw State Final Demand grow at 3.1% for the year – the highest growth in the country – and triple the rate of demand growth nationally.

Tasmania was the fastest growing state in the September quarter, backing up record growth figures for the 2018-19 financial year to June.

These results are testament to our nation-leading business confidence, which leads businesses to grow, diversify, invest and hire more people.

This follows confirmation that in 2018-19, Tasmania was the strongest growing economy in the nation, with the TCCI Tasmania Report on Monday highlighting that for the first time, all 19 industries in Tasmania grew throughout the year, demonstrating our economic success is broad-based, which leads to more jobs and opportunities right across the State.

Despite the deliberate effort of Labor and its leader, Rebecca White, talking down the economy, Tasmania is booming, and this is a good thing and should be welcomed.

Finally, after months of relentless negativity, former Minister for economic recession, David O’Byrne, said yesterday he is “very happy with the economy”. Will he say the same thing today? Given Labor’s favourite position is on the fence, we never know which way they will land.

The Hodgman majority Liberal Government’s number one priority is jobs. Creating more jobs strengthens the economy and enables more investment in essential services, like health, housing and education. It is clear that our Plan is working, with 16,000 more jobs created since we came to Government, and record investment into essential services and infrastructure.

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