Ai GROUP STATEMENT Ahead of the NSW Government’s 2019-20 Budget:
“The NSW economy is continuing to benefit from the state’s diversified range of industries, low interest rates, above-trend population growth and strong public-sector investment. The state’s infrastructure program which accounts for almost half of the national pipeline of public engineering projects is a key growth driver and will continue to help in offsetting peaking residential construction. Exports have also gained momentum with opportunities continuing to increase for the service sectors as well as advanced manufacturing such as medical and pharmaceutical products. Recovering business conditions and high levels of construction activity have in turn supported jobs creation and a reduction in the unemployment rate.”