According to NCA NewsWireReportAccording to a report issued by Commonwealth Securities (CommSec), Tasmania will be listed as the best performing economy in Australia for the fifth consecutive quarter.
Tasmania’s retail ranking has declined, but inMortgageAnd the ranking in terms of economic growth has risen.Canberra maintained its second place. Although it dropped four places in housing financing, it improved one place in four other indicators, including its top spot in the retail spending rankings.
CommSec Economist CrAIJames said that Tasmania and Canberra are firmly at the forefront of economic development, and they are expected to maintain this position in the coming months.
The rankings of other states are expected to remain unchanged in the next few quarters.The Northern Territory still ranks eighth, although it has improved;Western AustraliaThe most progress was made, jumping from tied for sixth to third.Victoria’s overall ranking fell from tied for third to fourth, but in terms of construction workThe stateStill the bestStrong, LiveMortgageAlso jumped to the top of the list; South Australia ranked fifth, followed by Queensland, andNSW.
James said that as the job market improves, immigration increases andDomestic traveldemandThere is still room for improvement in the ranking of Queensland in 2021.
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