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AAP
AAP
Business
William Ton

WA ranked first, Vic last on economic performance: IPA

Victoria
Western Australia leads the other states on lower taxes, energy prices and high wages growth. (Aaron Bunch/AAP PHOTOS)

Western Australia is the nation's best economic performer while Victoria lags behind all other states, a new report reveals.

Australia's western-most state leads other states on three measures including low taxes and energy prices and high wages growth while coming in second for jobs growth and business investment.

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