State 'awash in red ink'

Written By miftah nugraha on Selasa, 29 Januari 2013 | 19.55

TASMANIA'S economic indicators are "awash in a sea of red ink", the latest Deloitte Access Economics report says.

While Deloitte says the state's economy isn't in crisis, it isn't OK either. Unemployment, at 7.3 per cent in seasonally adjusted terms, is well above other states.

"Short-term prospects are fairly weak and the state is hostage to the fortunes of the Australian dollar," it says.

Premier Lara Giddings said the report confirmed the challenges Tasmania faced and highlighted the importance of the Tasmanian Jobs Package.

"The jobs package will help to create more than 3300 jobs and provide a boost to key industries like construction," she said in a statement.

Liberal Treasury spokesman Peter Gutwein said the report was yet another damning indictment of the  Labor-Green minority experiment.

"Ms Giddings can make as many excuses as she likes, but the fact is every other state is facing the same economic factors as Tasmania,'' he said.

"The difference is in Tasmania we've  got a minority government captive to the Greens, which is actively making this worse, such as by shutting down our forest industry."

Read more in tomorrow's Mercury.


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