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Recent Posts
- Qld takeover of Norfolk Island an intriguing prospect
- Why Greg Chappell came to Qld in 1973
- Qld exports were $21bn lower in 2020 due largely to lower coal and LNG prices
- Unpacking the increase in the unemployment rate since March 2020
- JobKeeper has been stimulating in multiple ways – evidence from Lush Marcoola
Top Posts & Pages
- Qld takeover of Norfolk Island an intriguing prospect
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Why Greg Chappell came to Qld in 1973
- Amusing costings of Qld election commitments - $4bn of Gov't election commitments reported to have zero "Net Impact"
- LNP costings interview with Scott Emerson on 4BC
- Qld exports were $21bn lower in 2020 due largely to lower coal and LNG prices
- Industry wants changes to Qld CHO emergency powers extension bill
- Top twenty largest cities and towns in Queensland by population
- JobKeeper has been stimulating in multiple ways - evidence from Lush Marcoola
- West is best - high income earners love Brisbane's leafy western suburbs
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Blogroll
Tag Archives: gdp
COVID compared with wartime economic impacts – my latest podcast episode
The latest episode of my Economics Explored podcast features a conversation on whether COVID can be compared to wartime. The episode considers the different scales and scopes of the shocks, and what it all means for prospects for economic recovery. In … Continue reading
Posted in Labour market, Macroeconomy
Tagged australia, bankofengland, coronavirus, covid, covid-19, debt, fed, gdp, money, production, rba, stimulus, unemployment, usa, wartime, worldwar2, ww2
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Economics of the Fourth Industrial Revolution podcast chat with Nick Johnson and Brendan Markey-Towler
My fellow Queensland economists Nicholas Johnson and Brendan Markey-Towler have written an impressive new book Economics of the Fourth Industrial Revolution: Internet, Artificial Intelligence and Blockchain, which was published by Routledge last month. I spoke with Nick and Brendan earlier … Continue reading
Posted in Uncategorized
Tagged ai, artificialintelligence, blockchain, convergence, fourthindustrialrevolution, gdp, internet, localenergymarkets, microgrids
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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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