'Enjoy it while it lasts': Tasmania tops country in economic performance

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For the first time in over a decade, Tasmania can claim the mantle of best performing economy in the nation, but that doesn't necessarily mean it's time to break out the champagne.

The unemployment statistics were one of two indicators that took in the June quarter, capturing the effects of the COVID-19 shutdown.

Independent economist Saul Eslake says the strength of the economy when entering the pandemic is not a predictor of how Tasmania will emerge from it. "That unfortunately doesn't necessarily mean that we're going to come out of it faster than the rest of Australia," he said. Mr Eslake said part of riding out the pandemic will be keeping control of the virus, something the State Government has "managed to do very effectively since the unfortunate outbreak on the north-west coast".

"[Population growth] had picked up strongly in the two to three years leading up to the onset of the pandemic, as the flow of people moving across Bass Strait turned around, and as Tasmania attracted a larger share of overseas immigration," he said.

 

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Maybe pay back some GST to Victoria now!

A false measure if socual good.

Woohoo Tassie! Celebrated by buying your gold medal Blue Hills honey, so yummy! I ignored the price🐝🌷

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