Tag Archives: abs

Overly optimistic reactions to discouraging GDP data

Posted on December 4, 2019 by

The RBA and the Government must be happy the media is accepting the Bank’s “gentle turning point” view of the Australian economy (e.g. see the AFR’s ‘Back on track’: GDP lifts to 1.7pc), but I can’t see how the September … Continue reading →

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Thoughts on Jackie Trad’s interview by Steve Austin on Qld economy

Posted on October 30, 2019 by

CommSec’s latest State of the States report which was released Monday reported Queensland in fifth position among Australia’s eight states and territories. On Monday afternoon, 612 ABC Brisbane’s Steve Austin interviewed Deputy Premier-Treasurer Jackie Trad on the state of the … Continue reading →

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Lowest confidence in six years – not a happy Friday in Qld

Posted on September 27, 2019 by

Earlier this year I encountered some resistance at various presentations I gave on the gloomy outlook for the Queensland economy, but I suspect I wouldn’t get much push back now. Today, the Courier-Mail is reporting on its latest YouGov poll results: CONFIDENCE … Continue reading →

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Worried Master Builders Qld calls for new Building the Education Revolution

Posted on September 11, 2019 by

Paul Bidwell, Deputy CEO of Master Builders Queensland, has made some extraordinary comments to the Courier-Mail, calling for the federal government to stimulate the construction industry through a new Building the Education Revolution, which was a Rudd Government stimulus measure. … Continue reading →

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Federal & state spending propping up national & state economies

Posted on September 4, 2019 by

I feel sorry for Treasurer Josh Frydenberg, who has the duty of talking up the economy regardless of what the National Accounts data are saying. As you’re no doubt aware by now, the June quarter 2019 National Accounts published by … Continue reading →

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Qld private sector CAPEX is disappointing – CCIQ’s Dan Petrie is spot on in today’s Courier-Mail

Posted on August 30, 2019 by

Today’s Courier-Mail reports some punchy comments from CCIQ spokesman Dan Petrie regarding the news that Queensland has the highest number of bankruptcies in Australia: CCIQ spokesman Dan Petrie said the level of private sector investment in the state had fallen … Continue reading →

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

Why is Australia’s workforce participation rate at a record high of 66.1%?

Posted on August 24, 2019 by

The first episode of the new season of Utopia on the ABC featured the Intergenerational Report, which projects an eventual reduction in the workforce participation rate due to an ageing population. At the moment, however, Australia’s participation rate is actually … Continue reading →

Posted in Labour market, Uncategorized | Tagged , , , , , , | 3 Comments