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Recent Posts
- What is the fiscal impulse from the Australian Budget?
- Qld economic outlook talk at Phil Di Bella’s Coffee Commune this Friday 19 May
- Size and structure of the Qld economy: today vs 1939-40 using Colin Clark’s estimates
- White Elephant Stampede – podcast chat w/ Scott Prasser
- Regional economic divergence – podcast chat w/ Rob Sobyra, Construction Skills Qld
Top Posts & Pages
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Qld Audit Office gives scathing assessment of Government procurement
- Fake privatisation of Titles Registry helping Qld Gov’t pretend it has debt management plan
- Qld the fastest growing state with Southerners flocking here: 41k net migration gain in 12 months to Sep-21
- Qld Treasury right that paying down State debt is a huge challenge
- BCC should consider economic consequences of townhouse ban
- Queensland leads Australia on obesity
- When will Queensland get its AAA credit rating back?
- Unsurprising Townsville running out of water when Council is charging so little for it
- Qld Titles Registry trickery should be investigated in integrity inquiry
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Author Archives: Gene Tunny
What is the fiscal impulse from the Australian Budget?
The Australian Government is moving in the right direction, but not fast enough, with fiscal policy if it wants to fight inflation. It appears too reliant on the expected cessation of pandemic-related stimulated measures to support its claim that the … Continue reading
Qld economic outlook talk at Phil Di Bella’s Coffee Commune this Friday 19 May
The big economic question for 2023 is how much the Australian economy will slow down in response to interest rate increases, regarding which we should expect more to come. Queensland’s economy will benefit from a high-performing mining sector, but there’s … Continue reading
Posted in Uncategorized
Tagged abs, budget, capex, jobs, qld, queensland, retail, tourism, vacancies
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Size and structure of the Qld economy: today vs 1939-40 using Colin Clark’s estimates
Back in the nineties, a history-conscious Queensland Treasury official saved a 1944 chart on “Post-war Employment Planning” from the rubbish bin during an office cleanout (Figure 1). On his retirement from the public service, that official gave me the chart. … Continue reading
White Elephant Stampede – podcast chat w/ Scott Prasser
Queensland has had more than its fair share of white elephant projects, including the Toowooomba Wellcamp quarantine facility and the Gold Coast desalination plant. The economics and politics of white elephants are considered in a new book from Connor Court … Continue reading
Posted in Infrastructure
Tagged budget, economics, government, infrastructure, qld, qldtreasury
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Regional economic divergence – podcast chat w/ Rob Sobyra, Construction Skills Qld
I’ve reported on how the economic recovery has seen large falls in unemployment rates across Queensland, including in most regions (see Remarkable turnarounds for Townsville, Mackay, and Cairns). But I need to acknowledge that employment growth is still overwhelmingly in … Continue reading
Posted in Labour market, Macroeconomy
Tagged coal, csq, qld, queensland, regions, renewables
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National Electricity Market malfunction of June 2022: my latest podcast episode
One of the biggest challenges facing advanced economies is maintaining reliable and reasonably priced electricity as we decarbonise to combat climate change. This year we’ve seen some ominous signs that this may not go well. The war in Ukraine has … Continue reading
Posted in Uncategorized
Tagged aemo, australia, coal, electricity, evs, gas, nem, qld, renewables, russia, ukraine
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Remarkable turnarounds for Townsville, Mackay, and Cairns
In my upcoming Brisbane Club presentation on Tuesday, one chart I’ll show is of selected Queensland regional unemployment rates, highlighting how the economic recovery generally and a booming mining sector have translated into some extraordinarily low unemployment rates in some … Continue reading
Posted in Cairns, Labour market, Mackay, Townsville
Tagged abs, cairns, ggso, mackay, townsville, unemployment
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Why the National Accounts matter: podcast chat with Brendan Markey-Towler
This century’s great trends in the Australian economy are evident in the National Accounts data (Chart 1): a halving of the relative economic contribution of domestic manufacturing, partly due to the car industry shutdown; the periodic resources booms which have … Continue reading
Posted in Macroeconomy
Tagged construction, economics, gdp, manufacturing, mining, national accounts
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RBA review: why it’s necessary and what it should recommend
The RBA is in the spotlight at the moment as there’s a risk its monetary tightening will crash the housing market and broader economy. Arguably, it should have acted earlier to raise rates and to stop its quantitative easing. Even … Continue reading
Qld Gross State Product was up 22% in dollar terms in 2021-22
Hidden in a note to its economic forecasts table in the state budget was the extraordinary estimate from Queensland Treasury that, in nominal dollar terms, the state economy expanded 22% last financial year, 2021-22 (see the chart below based on … Continue reading