WA Economic Outlook

Analysis

WA Economic Outlook

What's on the horizon?

The WA Economic Outlook is a summary of the Deloitte Access Economics Business Outlook publication with a specific focus on the Western Australian economy.

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The WA Economic Outlook is a summary of the Deloitte Access Economics Business Outlook publication with a specific focus on the Western Australian economy.

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WA Economic Outlook - June 2017

With the worst of the downturn passing, it’s time to have a serious think about Western Australia’s economic future. This financial year, WA remained unlucky last on basically every front, including capital city house price growth and retail turnover growth. This isn’t likely to change much in 2017-18, though exports should increasingly ramp-up and support headline growth.

  • The WA economy continues to struggle post the resources boom. Gross State Product is expected to rise by 0.9% in 2016-17, and by 0.2% in 2017-18
  • Although commodity prices have recovered over the past year, the bounce back is unlikely to be sustainable
  • And without price certainty, the investment pipeline in WA continues to look sick - business investment in WA is not expected to grow in year-on-year terms until the middle of next decade 
  • Without investment as a key driver of growth in WA, it’s time to think hard about our economic future: there is no doubt that digital technology will play a bigger part in that future than it has to date
  • But we need to shape our digital destiny to get a bigger slice of the opportunities it presents – and the resources sector might be central to that.
     
WA Economic Outlook - June 2017

WA Economic Outlook - March 2017

Western Australia continues to feel the cold hard reality of the commodity cycle but economic conditions in WA should steady from 2018. However, the new State Government has its work cut out. 

WA Economic Outlook - March 2017
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