Helping more WA Families buy their First Home
Helping more WA Families buy their First Home
Helping more WA Families buy their First Home

The McGowan Labor Government has focused its response to the COVID-19 pandemic on maintaining and creating new local jobs and supporting the on‑going recovery of the WA economy.

THE WA ECONOMY AT A GLANCE

  • The 2020‑21 State Budget reveals the WA economy is expected to grow by 1.25 per cent in 2020‑21.
  • Western Australia’s response to the COVID‑19 pandemic has positioned the economy to rebound faster and stronger than first expected.
  • This follows growth in the State’s domestic economy of 1.1 per cent in 2019‑20 – Western Australia was the only State to record positive growth.
  • The forecast for continued growth is supported by a range of economic indicators that have already returned to, and in most cases exceeded, pre‑COVID levels, including household and business confidence, retail trade and jobs advertised online. Across most of these indicators, Western Australia is leading the nation.
  • Strong budget and economic management over the last three years meant that the Government had the fiscal capacity to immediately respond to households and businesses most in need of support.
  • The resilience of the economy throughout the pandemic has been strongly supported by the immediate response measures included in the McGowan Government’s more than $5.5 billion WA Recovery Plan.
Page reviewed 8th October 2020