The latest Deloitte Access Economics Business Outlook Report for June 2021 confirms that our Plan to secure Tasmania’s future is working and our economy continues to rebound while we manage the COVID-19 pandemic.
The report forecasts strong economic growth of 6.1 per cent this calendar year, the second highest in the nation, and notes that “Tasmania’s COVID recovery continues to outperform expectations”. Spending is back to pre-pandemic levels, and business investment is at a “record pace” – reflecting our strong economy and the confidence that businesses have to spend, invest, and hire.
Importantly, the report again confirms our COVID-19 response measures have been successful and allowed our state to rebound, with a strong pipeline of construction work on the horizon, and building approvals continuing to flow.
This positive news follows last week’s ABS Labour force data for June which showed Tasmania leading the nation in employment growth, with the highest number of Tasmanians ever employed. At the same time, our unemployment rate has dropped to 4.5 per cent, the second lowest in the nation and the lowest it’s been in more than 10 years.
But as we’ve seen recently, the COVID-19 pandemic continues, and we know there is more work to do and we cannot be complacent. That’s why we will continue to deliver our Plan to secure Tasmania's future with our key focus on the health and safety of Tasmanians, while keeping our economy strong and creating jobs, right around the State.