Category Archives: Macroeconomy

Bad day for developers in Queensland – risk to future investment and jobs

Posted on April 27, 2015 by Gene Tunny

At a time when the Queensland economy is experiencing a huge negative shock from the downturn in the resources sector, and at a time when the health of our recovering building industry is very important, it is discouraging that some … Continue reading →

Posted in Housing, Macroeconomy | Tagged , , , , , , | 10 Comments

Upcoming panel discussion – End of the mining boom: What’s next?

Posted on April 6, 2015 by Gene Tunny

It’s clear the mining downturn is having significant adverse effects, such as large increases in unemployment in regions that are more dependent on mining, such as the Mackay and Fitzroy regions (see chart above, and also see the Courier-Mail report … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , , , | 1 Comment

Feedback between interstate migration and employment growth

Posted on March 29, 2015 by Gene Tunny

Queensland has, in recent years, experienced relatively low employment growth and low net interstate migration (see chart above). In previous posts (e.g. Victoria continues to lure Queenslanders), I have noted how fewer employment opportunities in Queensland may have reduced the … Continue reading →

Posted in Housing, Macroeconomy, Migration, Population | Tagged , , , , | Leave a comment

New SUV sales surge – pent-up demand possibly playing a role in pick up in new motor vehicles sales

Posted on March 17, 2015 by Gene Tunny

New motor vehicle sales in Queensland were 4.7% higher in February than in January in seasonally adjusted terms, driven by a surge in SUV sales, which could eventually overtake sales of passenger vehicles (see chart below based on ABS data … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , | 4 Comments

Qld economy hit by declines in both private and public sector capital spending

Posted on March 4, 2015 by Gene Tunny

It was unsurprising that the National Accounts data released by the ABS today showed the Australian economy continuing to grow at a sub-trend rate (2.5% through-the-year), and that Queensland was enduring a large shock from a decline in resources sector … Continue reading →

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Qld receiving huge economic shock from resources sector capital spending decline

Posted on February 25, 2015 by Gene Tunny

The scale of the negative economic shock Queensland is currently experiencing from the decline in resources sector investment is extraordinary, as revealed by new ABS data on construction work done released today (see chart above, noting “Engineering” covers the heavy … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , | 1 Comment

What are investors to make of depression economics?

Posted on February 9, 2015 by Gene Tunny

After the RBA Board cut the cash rate target to 2.25% last Tuesday I mentioned to a friend that the best guide to the world economy since 2008 has been Paul Krugman’s brilliant little book The Return of Depression Economics. … Continue reading →

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

Big year for Econ Society in Qld – the Governor returns & national conference in July

Posted on February 3, 2015 by Gene Tunny

The Reserve Bank of Australia is making a return to the spotlight with the RBA expected by many market players to cut the cash rate today or at its March meeting, to stimulate an economy needing a boost in investment … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , | 1 Comment

Economic Policy Issues in the 2015 Qld Election – Griffith-ESA Qld event on 28 January

Posted on January 17, 2015 by Gene Tunny

I’m looking forward to participating in an upcoming panel discussion on Economic Policy Issues in the 2015 Queensland Election, to be held on Wednesday, 28 January at 6.30pm at Griffith University’s Southbank campus. I’m certain Professors Fabrizio Carmignani and Tony … Continue reading →

Posted in Budget, Macroeconomy, Queensland Government | Tagged , , , , , , , , | 2 Comments

ABC radio interview on outlook for Qld economy

Posted on January 13, 2015 by Gene Tunny

Steve Austin from 612 ABC Brisbane interviewed me yesterday morning regarding the economic outlook, and I gave my current view that the economy is relatively weak at the moment, but there are reasons for optimism for later in the year … Continue reading →

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