Tag Archives: abs

Higher long-term unemployment a marker of Qld’s under-performance relative to rest of Australia

In its 2019-20 Mid-Year Fiscal and Economic Review released in mid-December, the Queensland Government revised down the state economic outlook, with economic growth revised to 2.5%, down from 3%, and the unemployment rate revised upwards to 6.25% from 6% for … Continue reading

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Qld private sector spending has been falling while government has continued to grow

In Queensland, our over-reliance on the public sector continues, according to the September quarter National Accounts figures from the ABS, which have reinforced concerns about the strength of the national economy and various state economies, including Queensland’s. The National Accounts … Continue reading

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Overly optimistic reactions to discouraging GDP data

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

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

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

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

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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