{"id":13936,"date":"2021-11-21T04:46:57","date_gmt":"2021-11-21T04:46:57","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=13936"},"modified":"2021-11-21T04:46:57","modified_gmt":"2021-11-21T04:46:57","slug":"nsw-economy-continues-strong-rebound","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2021\/11\/21\/nsw-economy-continues-strong-rebound\/","title":{"rendered":"NSW economy continues strong rebound"},"content":{"rendered":"<p>The NSW economy grew 1.4 per cent in 2020-21, reflecting the State\u2019s improved economic conditions following the bushfires, drought and the pre-Delta lockdown.<br \/>\nTreasurer Matt Kean said the State Accounts, issued by the ABS yesterday, showed the NSW economy was more than $18 billion larger in 2020-21 than pre-COVID, highlighting the State\u2019s strong economic recovery to the end of June 2021.<br \/>\n\u201cEven though COVID-19 has caused one of the worst economic contractions in the State\u2019s history, the ABS data shows the fundamentals of our economy are strong and the Government\u2019s economic stimulus measures are working,\u201d Mr Kean.<br \/>\n\u201cNSW business confidence hit a record high of +29 in October, as we achieved our 70 per cent and 80 per cent vaccination milestones quicker than expected and restrictions eased.<br \/>\n\u201cBy keeping people safe and rolling out around $45 billion in health\u00a0<a title=\"\" name=\"_GoBack\"><\/a>response and economic support programs since March 2020, we invested in the fundamentals of our economy \u2013 our people, our businesses and our workers.<br \/>\n\u201cNow we are seeing the returns of that investment, demonstrating the power of making sure the State\u2019s finances are working for our economy and our people, not the other way around.<br \/>\n\u201cThe NSW Government is continuing to invest in the State\u2019s future with our $2.8 billion Economic Recovery Strategy helping to accelerate the recovery.\u201d<br \/>\nIn the most recent payrolls summary, NSW reported the largest gain in weekly payrolls of all states, with a 3.5 per cent increase for the fortnight to 16 October.<br \/>\nWhile the nation lost 46,000 jobs in October, NSW employment rose by 22,000 people as NSW businesses increased staffing in the lead up to restrictions easing.<br \/>\nIn November, consumer sentiment rose by 4.4 per cent to 107.9 index points to record the highest consumer sentiment in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NSW economy grew 1.4 per cent in 2020-21, reflecting the State\u2019s improved economic conditions following the bushfires, drought and the pre-Delta lockdown. Treasurer Matt Kean said the State Accounts, issued by the ABS yesterday, showed the NSW economy was more than $18 billion larger in 2020-21 than pre-COVID, highlighting the State\u2019s strong economic recovery &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2021\/11\/21\/nsw-economy-continues-strong-rebound\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NSW economy continues strong rebound&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13936","post","type-post","status-publish","format-standard","hentry","category-nswnews"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=13936"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/13936\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=13936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=13936"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=13936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}