Tag Archives: gdp

Economic update: US jobs & Australian PBO fiscal projections

Posted on June 8, 2020 by

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

Posted on June 3, 2020 by

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

Posted on May 8, 2020 by

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

Posted on March 15, 2020 by

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

Posted on February 7, 2020 by

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

Dan Mitchell interviewed on Economics Explained regarding government spending & economic growth

Posted on January 16, 2020 by

Last week, I interviewed prominent US economist and commentator Dan Mitchell regarding government spending and economic growth for the latest episode of my Economics Explained podcast. Dan is co-founder of the Center for Freedom and Prosperity, and he is a … Continue reading →

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Big economic issues for the 2020s

Posted on January 2, 2020 by

In my latest Economics Explained episode Big economic issues for the 2020s, I discuss the major economic issues I’ve been thinking about lately: the secular stagnation hypothesis, digital disruption and surveillance capitalism, and climate change. Use these timestamps to jump … Continue reading →

Posted in Climate change, Macroeconomy, Productivity, Uncategorized | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Qld private sector spending has been falling while government has continued to grow

Posted on December 9, 2019 by

In Queensland, our over-reliance on the public sector continues, according to the September quarter National Accounts figures from the ABS, which have reinforced concerns about the strength of the national economy and various state economies, including Queensland’s. The National Accounts … Continue reading →

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Overly optimistic reactions to discouraging GDP data

Posted on December 4, 2019 by

The RBA and the Government must be happy the media is accepting the Bank’s “gentle turning point” view of the Australian economy (e.g. see the AFR’s ‘Back on track’: GDP lifts to 1.7pc), but I can’t see how the September … Continue reading →

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Sluggish economy & lower coal prices could put Qld gov’t in operating deficit

Posted on December 2, 2019 by

The mid-year budget update from the Queensland Government later this month will no doubt contain economic and fiscal forecasts with substantial downward revisions, owing to a weaker national economy and lower coal prices. The state budget forecast a hard coking … Continue reading →

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