Tag Archives: aussiedollar

International visitors take advantage of lower Aussie dollar

Expenditure by international visitors to Queensland increased to over $4.9 billion in 2015 from $4.2 billion in 2014, a 19% increase, according to new International Visitor Survey data released by Tourism Research Australia (see chart below). This was less than … Continue reading

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

New evidence stimulus worsened our competitiveness from Makin & Ratnasiri

Griffith University Economics Professor Tony Makin and his co-author Shyama Ratnasiri have just published an interesting paper (Competitiveness and government expenditure: The Australian example) presenting new econometric evidence that suggests fiscal stimulus in response to the financial crisis worsened Australia’s … Continue reading

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Speech to University of the Third Age Redlands on the Australian Economy

This morning I addressed the University of the Third Age Redlands at the Donald Simpson Centre, Cleveland on the topic of The Australian Economy: Where we’ve come from, where we’re going. My prepared remarks are reproduced below. I varied the … Continue reading

Posted in Industry policy, IR, Labour market, Macroeconomy, Migration, Mining, Population, Tax, Uncategorized | Tagged , , , , , , , , | 1 Comment

Further decline in exchange rate would be good news for Qld tourism

The HIA released an interesting note today forecasting the Australian dollar will continue to decline, possibly down to the US$0.70 to US$0.80 range (see Decline of the Aussie dollar: Where to from here?). I agree with the HIA there are … Continue reading

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Qld and WA were on similar growth paths, but Qld got knocked off by GFC

This month’s RBA chart pack contains a nice, informative chart depicting State shares of Australia’s GDP (see below). It shows that, up until the financial crisis in 2008, Queensland, like WA, was increasing its share of national GDP, but stalled … Continue reading

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Barcaldine set to boom with big increase in FIFO workers

Queensland Treasury’s non-resident population projections for the Bowen and Galilee Basins show Barcaldine in Central Queensland is the next regional town that will boom due to an influx of fly-in, fly-out (FIFO) and drive-in, drive-out (DIDO) workers (see chart below … Continue reading

Posted in Mining, Population | Tagged , , , , , , , , , , , , | 4 Comments

High Australian dollar has wide-ranging impacts – e.g. on CSR & local production of foreign films

The high Australian dollar has been linked to job losses at CSR, according to an AAP report (CSR blames cuts and plant closure on currency). There is no doubt the high Australian dollar is having profound impacts on a number … Continue reading

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