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Business

Jacob Shteyman

Problem child no more: surprise rise in state rankings

CommSec Australia Victoria Ryan Felsman Western Australia

Retail and immigration have pushed Victoria up to second place in a comparison of state economies. (James Ross/AAP PHOTOS)

Oft-derided as an economic basket case whose government had driven the state's budget into a black hole, things are looking up for Victoria.

Australia's second-most populous province is the biggest surprise in CommSec's latest State of the States report released on Monday, jumping from fourth to second spot, while Western Australia remains the best performer.

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