3.theeconomy-nswbudget2016-17.docVIP

3. The Economy New South Wales is a services-driven economy and is well positioned to continue benefiting from the current national transition away from mining investment. Low interest rates, a lower Australian dollar and solid population growth, together with the unprecedented pipeline of public infrastructure and dwelling construction, will continue to support strong economic growth. The State’s abovetrend economic growth is expected to continue over the next two years, with gross state product (GSP) forecast to rise by 3 per cent in 201617 and 2? per cent in 2017-18. Continuing strength