For an outfit criticised as having too many bankers and not enough economists in its ranks, the NSW Coalition government has presided over an economy that has done remarkably well over the past decade.
Most striking about the NSW economy is that it has held its share of the national economic cake, or GDP, at almost 32 per cent over the past 10 years while in the previous decade it had dropped from over 36 per cent. Also, it increased its output per person relative to that for all of Australia by 3 per cent whereas previously it had fallen by 9 per cent.
The most important was the scale of social and economic infrastructure construction which helped Sydney and regional cities catch up with their strong population growth.
The outcome of this construction drive is everywhere to be seen – a vast metro rail system, new tollways interconnecting Sydney plus the renewal and addition of hospitals, schools and other public buildings.
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