NSW Treasurer Daniel Mookhey says higher interest rates are continuing to place a disproportionate burden on the state’s economy and will keep NSW in a “slow lane” for years. The warning is framed against a backdrop of broader global turmoil, which adds uncertainty to economic conditions and influences borrowing costs and demand. Mookhey argues the impact of rate rises is not confined to households and businesses but also shows up in state economic performance, shaping expectations for near- and medium-term growth. The reporting from multiple outlets cites the same central message: that elevated interest rates are likely to persist or take time to fully ease, and that this will affect NSW’s trajectory even as policymakers plan for the longer term. Together, the articles present a consistent assessment that NSW’s outlook is constrained by both domestic financial pressures and international economic risks, with no immediate timeframe for a sustained rebound.