WA Economy named ‘Best in the World’

Global credit rating agency S&P deemed WA’s economy the best in the world over the past 12 months, outsmarting North Rhine Westphalia in Germany which came second place. 

On the back of a mining boom WA has performed better than any other state or region in Australia or the world over the past 12 months since the pandemic hit. 

 This comes as consumer confidence in WA is also at an 11-year high. WA is expected to run a 2020-21 cash deficit equivalent to 0.6 per cent of state revenue by the end of the financial year. 

The WA Premier also stated that although the international borders will stay in place for the rest of this year some tourism businesses will find it difficult, although the Federal government is expected to prioritise some skilled visas and employer sponsorship.  

 

So far, WA has vaccinated more than 7000 people against the coronavirus, and recorded no new local COVID-19 cases with only two in hotel quarantine last Monday. 

 

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