Tag Archives: forecasting

Challenges of Economic Forecasting in the COVID-19 Pandemic with Prof. Rodney Strachan from UQ

The Brisbane south side COVID-cases and the Queensland Government’s declaration of greater Sydney as a COVID-hot spot are bad news for Queensland’s economy. Around the world, public health measures and public anxiety related to COVID-19 are causing huge swings in … Continue reading

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Qld Treasury’s forecasting record has improved in last few years, but big test to come

In the Mid-Year Fiscal and Economic Review at the end of 2014, Queensland Treasury downgraded its economic growth forecast for Queensland in 2014-15 from 3% to 2.5%, to reflect the weaker economic outlook. After Queensland’s technical recession in the last … Continue reading

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Brisbane ABC radio interview from this morning – why is budget forecasting so difficult?

Steve Austin of 612 ABC Brisbane asked me an interesting question this morning: why is budget forecasting so difficult for Treasury departments? You can listen to my answer at this link: The Upcoming Budget For further information on the challenges … Continue reading

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