Ai GROUP SUBMISSION to the NSW Government’s 2020-21 Budget:

“The NSW economy is continuing to benefit from the state’s diverse range of industries, low interest rates, above-average population growth and strong public-sector investment. However, a weakening housing market and subdued consumer spending has seen a slowing in state growth. Having averaged 3.5% p.a. over the four years to 2018, annual growth in state demand slowed to a 0.6% p.a. pace in the September quarter 2019. Drought conditions have weighed on incomes in the agriculture sector and in the regions affected by drought.”