Category Archives: Macroeconomy

What I’m reading – Bernanke’s Courage to Act

Posted on October 31, 2015 by Gene Tunny

One of my favourite passages in Ben Bernanke’s memoir of the financial crisis and its aftermath, The Courage to Act, describes how, on the way to the Federal Reserve building to deal with the imploding Bear Stearns, Bernanke takes the … Continue reading →

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Qld regions have been struggling and not just the mining ones

Posted on October 22, 2015 by Gene Tunny

Townsville Mayor Jenny Hill’s alleged lack of success in bringing new infrastructure projects to the city may become a major issue in the mayoral election in March next year, based on a report in today’s Townsville Bulletin. The Mayor may … Continue reading →

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Australian Perspective: 2016 and beyond – keynote presentation to CPA Congress, Brisbane

Posted on October 15, 2015 by Gene Tunny

I was delighted to give the opening keynote presentation at the Brisbane CPA Congress at the Brisbane Convention & Exhibition Centre this morning. My presentation slides (which I’ve slightly modified with additional headings and source information) are available to download: … Continue reading →

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

Residential property a “bright spot” in Qld economy

Posted on October 13, 2015 by Gene Tunny

The Queensland Treasurer Curtis Pitt correctly noted yesterday that “The property sector is a real bright spot in the Queensland economy and it’s making a positive contribution to jobs and growth.” This is confirmed by data and casual observation. Regarding … Continue reading →

Posted in Housing, Macroeconomy | Tagged , , , , , | 8 Comments

Upcoming presentation by HSBC’s Paul Bloxham on Australia’s next growth driver, the services sector

Posted on October 10, 2015 by Gene Tunny

With such significant uncertainty regarding the economic outlook, as the Australian economy is re-balancing at the end of the mining boom, there is much speculation regarding the future drivers of economic growth and jobs. Hence I am delighted that HSBC’s … Continue reading →

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Interview on Turnbull Cabinet on 612 ABC Brisbane

Posted on September 22, 2015 by Gene Tunny

Yesterday afternoon, Emma Griffiths from 612 ABC Brisbane interviewed me regarding PM Malcolm Turnbull’s Cabinet and what it means for the economy: The future of business under Turnbull I told Emma that it appears business is very optimistic about the … Continue reading →

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Exports to bolster Qld economy in difficult year ahead

Posted on September 6, 2015 by Gene Tunny

Queensland Treasurer Curtis Pitt is doing his best to talk up the Queensland economy, noting in recent media releases that Queensland exports are soaring and that Deloitte is forecasting 4.5 per cent economic growth in Queensland in 2015-16 and 4 … Continue reading →

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Qld consumers resilient at the end of the mining boom

Posted on September 3, 2015 by Gene Tunny

At the end of the mining boom, as resources sector investment has plummeted, Queensland consumers are nonetheless resilient, and their growing consumption spending has partly offset the adverse impact of the fall in investment on aggregate demand (see chart above … Continue reading →

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

A longer-term perspective on the CAPEX plunge

Posted on August 31, 2015 by Gene Tunny

In a comment on my post from last Friday, regular Queensland Economy Watch reader Jim pointed out that the plunge in capital expenditure (CAPEX) is simply returning Queensland to more normal rates of investment, as was completely expected. Jim suggested … Continue reading →

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

Health, aged care & tourism will generate jobs in Qld at the end of the mining boom

Posted on August 28, 2015 by Gene Tunny

At the end of the mining boom, as capital expenditure plummets (chart above) from an elevated level, and ten thousand new jobs expected in the Galilee basin now appear unlikely, it is probably not surprising that some commentators are getting … Continue reading →

Posted in Labour market, Macroeconomy, Mining | Tagged , , , , , , , , , | 6 Comments