NSW Treasurer to Issue Warning on Economy

NSW Treasurer to Issue Warning on Economy
Cranes work on a building site in Melbourne's central business district, Australia, on October 2, 2018.WILLIAM WEST/Getty Images
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The NSW government is setting course to boost the state’s economy in the wake of COVID-19, ahead of a forecast sharp downturn in activity.

Treasurer Dominic Perrottet will on June 16 deliver an economic update to state parliament during which he will warn state gross domestic product will contract by 10 percent in 2019/20.