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NSW Economy Faces Slowdown, Renewable Energy Hopes
Description
New South Wales Treasurer, Daniel Mookhey, reveals a grim economic forecast, with growth projections slashed to one percent due to the Middle East crisis and rising interest rates. Despite the slowdown, Mookhey remains optimistic, attributing NSWs resilience to its significant investment in renewable energy projects. He also emphasizes the economic benefits of pursuing net-zero emissions goals, positioning them as a strategic move to avoid a recession.
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