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

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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 , , , , , , , , , , | 2 Comments

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

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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

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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 , , , , , , , , , , , , , , , | Leave a comment

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

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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

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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 , , , , , , , , , , , , | Leave a comment

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

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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 , , , , , , , | 6 Comments