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Tag Archives: gdp
Why the National Accounts matter: podcast chat with Brendan Markey-Towler
This century’s great trends in the Australian economy are evident in the National Accounts data (Chart 1): a halving of the relative economic contribution of domestic manufacturing, partly due to the car industry shutdown; the periodic resources booms which have … Continue reading
Posted in Macroeconomy
Tagged construction, economics, gdp, manufacturing, mining, national accounts
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Livestream featuring US jobless claims, Aussie GDP + farewell to Tony Makin
I did a livestream earlier today with my regular co-host Tim Hughes on the latest economic news of the week, including the latest US initial jobless claims confirming a strong US economy, the impact of the omicron COVID-variant on equity … Continue reading
Posted in Macroeconomy
Tagged australia, coronavirus, covid-19, fiscalpolicy, gdp, inflation, monetarypolicy, unemployment, usa, usfed
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Gov’t and renewables making disproportionate contributions to demand growth in Qld
The September quarter National Accounts published by the ABS yesterday revealed that the general government sector made a disproportionate contribution to Queensland state final demand growth that quarter, suggesting a strong pick up in the hiring of public servants, contractors, … Continue reading
Posted in Energy, Macroeconomy
Tagged abs, australia, coronavirus, covid-19, gdp, nationalaccounts, qld, queensland, renewables, sfd
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Threat of rolling lockdowns and longer border closures damaging business confidence
It’s no wonder many in the Queensland business community are anxious and desperate, as the Courier-Mail is reporting, given the Premier’s apparent abandonment of the national plan on reopening the economy (see Queensland business suffering mental and financial health crisis … Continue reading
Posted in Labour market, Macroeconomy
Tagged abs, australia, borderclosures, businessconfidence, businessinvestment, covid-19, gdp, lockdowns, nationalaccounts, qld, recession
2 Comments
Lockdown CBA podcast discussion with Prof. Douglas Allen of Simon Fraser University
If you’ve seen any of Alan Jones’s recent commentary on Sky Australia you may have heard him talk about a recent cost-benefit analysis (CBA) of Canada’s COVID lockdown. Episode 90 of my Economics Explored podcast features a discussion regarding COVID lockdown costs versus … Continue reading
Posted in Macroeconomy
Tagged australia, canada, cba, coronavirus, costbenefitanalysis, covid-19, economics, gdp, lockdowns, vaccines
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Qld economy’s growth rate reduced by business CAPEX fall
Queensland had the second lowest rate of State Final Demand (SFD) growth in the first quarter of 2021, according to the March quarter National Accounts published by the ABS yesterday. Queensland’s SFD grew at 0.4% compared with a national average … Continue reading
Posted in Uncategorized
Tagged australia, gdp, lockdown, nationalaccounts, qld, queensland, sfd, tourism, victoria
1 Comment
Recovery has been better than expected (especially in Qld), but let’s see what happens when JobKeeper ends
Whoever looks after the Queensland Premier’s Instagram account is a social media grandmaster (e.g. see the post below). The regular reminders of the imminent end of JobKeeper on 28 March are contributing to pressure on the federal government to implement … Continue reading
Posted in Macroeconomy
Tagged abs, australia, buildingindustry, cairns, covid-19, gdp, jobkeeper, qld, qldeconomy, statefinaldemand
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Most houses approved in one month in Qld since time of high interstate migration in 90s
The Housing Industry Association was quick to proclaim Detached Building Approvals Reach Record High after the ABS published the December building approvals data today. “Detached building approvals” are approvals for houses, as opposed to approvals for apartments or townhouses. Obviously, … Continue reading
Posted in Housing
Tagged abs, banks, buildingapprovals, buildingindustry, construction, corelogic, gdp, gsp, homebuilder, houseprices, interstatemigration, jobkeeper, jobseeker, monetarypolicy, propertyprices, qld, queensland, rba
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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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Queensland Economy Watch 