Monthly Archives: June 2022

Qld gaining nearly 1,000 people per week from interstate – new yearly (50k) & quarterly (19k) records

Posted on June 28, 2022 by Gene Tunny

It’s been an extraordinary day of news for Queensland today, with:  a) record net interstate migration over a twelve-month period of just over 50k, and record quarterly net interstate migration of 19k in December quarter 2021, revealed in the ABS’s … Continue reading →

Posted in Migration | Tagged , , , , | 2 Comments

ASPG-Q prize for essay on a parliamentary topic – my suggestions

Posted on June 23, 2022 by Gene Tunny

If you know of any postgraduate students at a Queensland university who are interested in political science, then please pass on the details of the Australasian Study of Parliament Group – Queensland (ASPG-Q) essay prize: ASPG-Q Parliamentary Scholarship Prize flyer.pdf … Continue reading →

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Qld’s bolshie budget – my latest thoughts

Posted on June 22, 2022 by Gene Tunny

Reading the Courier-Mail’s latest state budget reporting, quoting Cameron Dick as a self-proclaimed Robin Hood Treasurer, it’s clear the state government no longer gives a damn what business thinks. It’s gone full-on economic populist with its royalties hike ($1.2bn over … Continue reading →

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Qld state budget: thanks for the billions coal miners, now pay us even more

Posted on June 21, 2022 by Gene Tunny

As I’ve been forecasting for months now, the Queensland state budget is in much better shape than the state Treasury forecast back in December. Higher royalties, stamp duty, and other taxes helped deliver a $1.9 billion operating surplus in 2021-22 … Continue reading →

Posted in Budget, Macroeconomy | Tagged , , , , , , , , | 3 Comments

Qld hospitality sector has had stronger recovery than NSW and Victorian sectors

Posted on June 20, 2022 by Gene Tunny

Earlier this month, Queensland Airports boss Amelia Evans was reported by the Courier-Mail as saying that travel was bouncing back strongly. Queensland Airports operates the Gold Coast, Townsville, Mount Isa, and Longreach airports, so Ms Evans would have a good … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , | 2 Comments

Qld & Australia exporting lower volumes but earning more, due to higher coal and iron ore prices

Posted on June 19, 2022 by Gene Tunny

The pandemic and China’s trade restrictions have no doubt had some adverse effects on commodity volumes exported from Queensland, but super high commodity prices, associated partly with the war in Ukraine, have more than offset those impacts when it comes … Continue reading →

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Japan is Qld’s top export destination once again, but only by a small margin

Posted on June 18, 2022 by Gene Tunny

Thanks to the Japanese Ambassador for highlighting that Japan has overtaken China to return to being the top destination for Queensland exports, as Japan was for several decades prior to 2013 (see the chart below including data up to April … Continue reading →

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Qld has outperformed rest of Australia this decade so far

Posted on June 17, 2022 by Gene Tunny

The May Labour Force data released by the ABS yesterday confirmed Queensland has outperformed the rest of Australia over the last couple of years. My view is that this is due to a range of factors including a surge in … Continue reading →

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Consumer confidence indicators are very concerning

Posted on June 16, 2022 by Gene Tunny

As always it’s important not to read too much into one piece of data, and generally I’ve been optimistic about the Australian economy and even more so about the Queensland economy over 2022-23, but the latest consumer confidence figures are … Continue reading →

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Global stagflation risk increasing – my latest podcast episode

Posted on June 11, 2022 by Gene Tunny

Earlier this week, the World Bank cut its global economic growth forecast and warned of the risk of 1970s-type global stagflation, with a coincidence of high inflation and low growth and high unemployment. I had already decided to cover stagflation … Continue reading →

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