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Recent Posts
- The Precautionary Principle and COVID-19 – podcast conversation with Joe Branigan
- Gov’t claims police boost “fully funded”, but won’t release full budget forward estimates
- Auditor-General exposes deep flaws in Queensland’s governance
- Defence should never have been on the Qld-NSW border in the first place
- Second GC motorway should have been built decades ago – BODBTN extract
Top Posts & Pages
- The Precautionary Principle and COVID-19 – podcast conversation with Joe Branigan
- Top twenty largest cities and towns in Queensland by population
- Australia's upcoming mini-Budget
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Top 10 Australian economists of all time
- Quiggin’s Economics in Two Lessons should be on ECON101 reading lists for decades to come
- Defence should never have been on the Qld-NSW border in the first place
- Ten years since Queensland lost its AAA credit rating
- Red tape and regulation - CIS On Liberty podcast
- Great map from OESR showing CSG wells in Surat Basin
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Blogroll
Tag Archives: gdp
Qld Gov’t going for broke in COVID response
As well as confirming Australia is in a deep recession, with a 7% fall in GDP in June quarter, the National Accounts published by the ABS earlier today revealed Queensland state and local governments (mostly the state government) are spending … Continue reading
Posted in Budget
Tagged budget, coronavirus, covid-19, gdp, governmentspending, nationalaccounts, qld, queensland
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Deep recession to be quantified in June qtr National Accounts released tomorrow
Age/SMH Senior Economics Correspondent Shane Wright has written a great summary of the business indicators data released yesterday by the ABS: An economy like 2016 as sales and wages collapse. The business indicators data are pieces of the jigsaw puzzle … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, economy, gdp, jobkeeper, jobseeker, qld, queensland, wages
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Economic Update – US GDP, Gold, and Aussie jobs & CPI
In my latest video, I review the economic news of the past week, including US GDP, the record high gold price, and Australian jobs and CPI data in this time of the COVID-19 second wave. Incidentally, I highly recommended you … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, cpi, economy, gdp, gold, jobs, qld, queensland, unemployment, usa
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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
Posted in Macroeconomy
Tagged coronavirus, covid-19, econometrics, economics, employment, fed, finance, forecasting, gdp, pandemic, statistics, unemployment, var
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Qld’s regional economies & COVID-19 – video chat with Pete Faulkner
Earlier today I chatted with Pete Faulkner from Far-North-Queensland-based Conus Business Consultancy Services regarding how Queensland’s regional economies have been impacted by COVID-19. Check out the recording of our Zoom conversation below. You can download the slides we chatted about … Continue reading
Posted in Brisbane, Cairns, Labour market, Mackay, Macroeconomy, Migration, Mining, North Queensland, Population, Tourism, Townsville, Uncategorized, Wide Bay-Burnett
Tagged australia, bundaberg, cairns, coronavirus, covid-19, fnq, gdp, goldcoast, jobs, northqld, nq, portdouglas, qld, queensland, unemployment, widebayburnett
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Economic update: US jobs & Australian PBO fiscal projections
I’ve recorded a video covering the May US jobs data, which have been greeted very positively by the markets despite the data showing only a small rebound*, and the Australian Parliamentary Budget Office’s rather pessimistic projection of an additional $620 … Continue reading
Posted in Budget, Macroeconomy, Uncategorized
Tagged australia, coronavirus, covid-19, debt, employment, gdp, jobs, pbo, us
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Big question now is how long and how deep the recession will be
The March quarter National Accounts released by the ABS today suggest Australia will have two consecutive quarters of negative economic growth in the first half of 2020, and hence the traditional definition of a recession will be satisfied. That said, … Continue reading
Posted in Macroeconomy
Tagged australia, coronavirus, covid-19, gdp, nationalaccounts, nsw, qld, queensland, recession, statefinaldemand, victoria
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State and regional unemployment rates in this time of COVID-19 with Pete Faulkner
Mission Beach-based economist Pete Faulkner from Conus Consulting has been in the news recently with his estimates of the massive adverse impacts that measures to combat coronavirus are having on Queensland’s regional economies (e.g. see the InQueensland report Jobless numbers … Continue reading
Posted in Cairns, Gold Coast, Labour market, Macroeconomy, North Queensland, Townsville, Uncategorized
Tagged abs, cairns, conus, coronavirus, covid-19, gdp, goldcoast, jobkeeper, missionbeach, qld, queensland, townsville, unemploymentrate
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Best coronavirus response advice offered by Austan Goolsbee & Dr Norman Swan
The best economic advice I’ve heard during the coronavirus threat is that offered by Austan Goolsbee, former Council of Economic Advisers Chair under President Obama. In a recent NPR Planet Money podcast Medicine for the Economy, which is compulsory listening, … Continue reading
Posted in Macroeconomy, Tourism, Uncategorized
Tagged cairns, coronavirus, gdp, goldcoast, schools
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CCIQ Coronavirus interview – Chief Economist “very concerned” about potential impacts
The Courier-Mail‘s alarming story on Thursday Coronavirus to cause chaos for Queensland businesses prompted me to get in touch with the Chamber of Commerce & Industry Queensland (CCIQ) to seek a briefing on what they’ve learned from their various information … Continue reading
Posted in China, Exports, Macroeconomy, Uncategorized
Tagged cciq, china, coronavirus, gdp, gsp, qld, qldeconomy, queensland
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