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Credit rating agency S&P labels WA’s economy the best in the world

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The West Australian premier has championed his government’s COVID-era economic management after global credit rating agency S&P deemed the State’s economy the best in the world.

But Mark McGowan also encouraged the federal government to give tailored support to pandemic-hit businesses when JobKeeper ends in late March.

With less than a week until locals head to the polls, S&P found WA — spurred by a skyrocketing iron ore price and boom in mining royalties — had performed better than any other state or region in the world over the past 12 months.

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The state will run a 2020/21 cash deficit equivalent to 0.6 per cent of state revenue, significantly better than second-placed North Rhine Westphalia in…



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