In a gloomy time for NSW’s finances, there is one reason the state won’t enter a recession
The NSW economy is projected to grow by only 1 percent in the coming year, a significant decline from earlier forecasts. State Treasurer Daniel Mookhey attributes the state's ability to avoid recession to the ongoing rollout of renewable energy projects. Despite the gloomy economic outlook, Labor's Chris Minns maintains a strong lead as preferred premier ahead of the upcoming election.
- ▪The NSW economy is forecast to grow by only 1 percent in the year ahead, down from a previous estimate of 2.5 percent.
- ▪Treasurer Daniel Mookhey cites renewable energy projects as the primary reason the state will avoid recession.
- ▪Support for both major parties remains below levels recorded at the 2023 election.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.