Victoria’s Economic Plan: Band-Aid or Solution for State’s Troubles?

The state has unveiled a plan to boost the economy after being named least business-friendly state.
Victoria’s Economic Plan: Band-Aid or Solution for State’s Troubles?
Premier of Victoria Jacinta Allan speaks during a Cricket Australia Media Opportunity at Melbourne Cricket Ground in Melbourne, Australia, on Aug. 18, 2024. Asanka Ratnayake/Getty Images for Cricket Australia
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Experts say the Victorian government’s Economic Growth Statement—which lays out a policy plan to reinvigorated the state’s sluggish economy—acknowledges the state’s “image problem” but stops short of tackling deeper economic challenges.

Released a week after Victoria was ranked the least business-friendly state in Australia, the plan, created in partnership with industry, outlines “40 initiatives” to try turnaround the ailing state’s fortunes.