Category Archives: Macroeconomy

Credit cycle in downswing phase

There is a lot of disappointing economic data coming out for Australia lately. Today the ABS released its January 2019 Lending to households and businesses estimates which  confirmed the credit cycle is in the downswing phase (see chart above). This … Continue reading

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Is it nonsense to talk about a “GDP per capita recession”?

My colleague Nick Behrens from QEAS is critical of recent references to Australia’s “GDP per capita recession” by the media and the federal Opposition in his latest post A GDP per capita recession is nonsense. Recall that the December quarter … Continue reading

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Qld economy was goosed up by gov’t spending in final quarter of 2018

Australia’s weak 0.2% GDP growth in December quarter has prompted talk of a “per capita recession”, as our economy has now been growing at a slower rate than the population for two consecutive quarters (see this SMH report). The national … Continue reading

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How you can automate ABS data analysis and charting using R – preview of my upcoming course

In my latest video, I demonstrate how I use the freeware programming language R to automate my analysis and charting of economic data, using the December quarter business indicators data published by the ABS yesterday as an example. I am … Continue reading

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Qld construction industry outlook for 2019 discouraging despite #BNE2025 projects

My colleague Nick Behrens from QEAS has published an informative post on the major projects, such as Cross River Rail and Brisbane Live, which will boost construction activity in Brisbane in future years: The BNE 2025 projects represent a renaissance … Continue reading

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Qld mining CAPEX up 13% or by over $1 billion in 2018

The December quarter capital expenditure data published by the ABS today have beaten expectations (e.g. see Business investment rebounds in otherwise cooling economy), which means the GDP figures which will be released next week will very likely be better than expected. … Continue reading

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Housing industry round table with Treasurer Frydenberg at Parliament House on Monday 18/2/19

I felt honoured to attend a housing industry round table with federal Treasurer Josh Frydenberg and Assistant Treasurer Zed Seselja at Parliament House in Canberra on Monday 18 February 2019. Prime Minister Scott Morrison opened the round table but had … Continue reading

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