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NSW Economy Slows, Mookhey Links Conflict to Growth
Description
New South Wales faces a slower economic year due to global events, with growth projected at just one percent. The Treasurer, Daniel Mookhey, attributes this to the Middle East conflict impacting oil markets and petrol prices. Higher inflation and interest rates are expected, hitting working families hard with increased mortgage costs. Mookhey also discusses net-zero targets, suggesting opposing them could lead to a recession. He emphasizes New South Wales proactive approach to net-zero as a sound economic strategy, attracting investment and positioning the state to navigate challenges.
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