Category Archives: Macroeconomy

Qld: hot or not? My presentation at the Brisbane Club on Wednesday 6 February

Posted on February 6, 2019 by Gene Tunny

It was a great day to give an economic outlook presentation, with RBA Governor Philip Lowe announcing a change in monetary policy guidance, from saying the next rate movement would most likely be up, to saying the cash rate may … Continue reading →

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Suncorp-CCIQ Pulse Survey confirms decline in business confidence

Posted on February 4, 2019 by Gene Tunny

In my wrap up of last week (see my previous post) I noted that I expected the latest Suncorp-CCIQ Pulse Survey would be discouraging and would counter the optimism of Deloitte Access Economics’s recent business outlook which was cited approvingly … Continue reading →

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QEW video – the week that was: 27-Jan to 2-Feb-19

Posted on February 2, 2019 by Gene Tunny

First, my thoughts and prayers are with the people of Townsville and North Queensland in this challenging time of heavy rain and flooding. Second, below is a slide show (with commentary) I’ve recorded on the economic news of the last … Continue reading →

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Lessons from the GFC symposium at Griffith’s Ship Inn Function Centre on 7 March

Posted on January 28, 2019 by Gene Tunny

In this final week of January ten years ago, the fifth floor of the Treasury Building in Canberra was a hive of activity. Hard-working Treasury officials, including me, were putting together the 2009 Updated Economic and Fiscal Outlook in which … Continue reading →

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Upcoming QMCA breakfast presentation on the Qld economic outlook for 2019

Posted on January 13, 2019 by Gene Tunny

On Friday 8 February, I will present on Queensland’s economic outlook at the Queensland Major Contractors Association’s first breakfast event for 2019. With all the uncertainty in the global economy, it’s been a very interesting holiday period, and I’ll include … Continue reading →

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Qld economy continues to disappoint

Posted on December 6, 2018 by Gene Tunny

Queensland’s economic under-performance, which I’ve been commenting on regularly (e.g. see Deloitte’s weird definition of “strong employment growth”), is a major part of the reason why Australia’s GDP growth for September quarter came in lower than expected yesterday. The ABS … Continue reading →

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Industry groups right to say Qld economy failing to create the number of jobs needed

Posted on December 2, 2018 by Gene Tunny

I am pleased to see that peak industry bodies (e.g. the Property Council of Australia and the Infrastructure Association of Qld) are saying the same thing I have been regarding Queensland’s lacklustre jobs growth, with the Sunday Mail* today reporting: … Continue reading →

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Deloitte’s weird definition of “strong employment growth” for Qld

Posted on December 1, 2018 by Gene Tunny

I was surprised when I read Deloitte’s latest commentary on the Queensland economy, as reported by the Courier-Mail on Thursday (Jobless rate hides Qld’s economic success story), because the commentary makes little sense: QUEENSLAND’S economy is performing strongly despite the country’s … Continue reading →

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My comments in “Liberal bloodbath” Diplomat article

Posted on November 30, 2018 by Gene Tunny

Brisbane-based writer Anthony Fensom has written an excellent article at The Diplomat titled Liberal Bloodbath Repels Australian Voters in which he quotes me among other commentators: Similarly, economist Gene Tunny said the 2019 result was already a foregone conclusion, despite … Continue reading →

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612 ABC Brisbane radio interview on Qld having nation’s highest unemployment rate

Posted on November 16, 2018 by Gene Tunny

Yesterday I had an enjoyable chat with Steve Austin on his 612 ABC Brisbane Drive program about the latest ABS Labour Force estimates, which, as I reported in yesterday’s post, revealed Queensland is the only state with an unemployment rate … Continue reading →

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