Economic growth is forecast to improve to 2 ¾ percent by 2023-24. The NSW Government’s sensible approach to restrictions, world-leading testing and targeted stimulus support measures, have enabled the State to avoid the health and economic catastrophe experienced in other countries.
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The unemployment rate eases to pre-pandemic levels. Through January 2021, NSW has recovered over 80 percent (220,183) of aggregate jobs lost during the peak of the pandemic — and there are distinct differences in the job market.
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The NSW Government is continuing to deliver on its record stimulus spending to support the economic recovery, job creation and boost confidence in the short term
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On Monday 22 February, the rollout of the Pfizer vaccine began, with frontline workers amongst the first to receive the vaccine and the rollout for the general population commencing in mid-2021.
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Hardship Grants for small businesses affected by the COVID-19 lockdown including improved access to existing small business support, including mental health support, mediation services and the Business Connect program.
Read moreAn economy on the rebound
The State’s initial recovery from the impact of COVID-19 has exceeded expectations — largely due to the NSW Government’s success in keeping the economy open by containing the virus.
Property tax reform
Proposed property tax reforms could inject $11 billion (over four years) into the economy.
Outcome budgeting
What matters most are the outcomes achieved for the people of NSW.
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The time is now for reform
Reform initiatives have been accelerated to lay the foundations for an even stronger economy in the long-term
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Building a better NSW with a record infrastructure pipeline.
Re-opening Sydney’s night-time economy
The NSW Government’s 24-hour Economy Strategy aims to lift Sydney's global profile as a vibrant, safe, accessible city.
