Tag Archives: gfc

My comments in Morningstar article on Australia’s “27-year economic winning streak”

One frequently quoted economic fact I think is a bit dubious is that Australia has had a record breaking expansion of 27 years. Although Australia avoided a technical recession (by not having two successive quarters of declining real GDP) during … Continue reading

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Courier-Mail & 612 ABC Brisbane media this week regarding jobs growth & small business

Today’s Courier-Mail features a short piece (on p. 29) “Employment growth best since the GFC” from Daryl Passmore quoting FNQ-based economist Pete Faulkner and me on Queensland’s recent strong employment growth. The Queensland economy has been recovering strongly over the … Continue reading

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Strong jobs figures for Qld, although much of recent increase was in part-time employment

The August jobs figures released yesterday by the ABS confirmed the Queensland economy is clearly on an upswing and jobs growth is currently strong, with through-the-year growth in employment at 3.7% compared with a national rate of 2.6% (chart 1). … Continue reading

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Very little real growth in retail trade since financial crisis

Yesterday’s retail trade data for July from the ABS were disappointing and continue to show consumers are reluctant to spend. Indeed, in real terms (i.e. adjusting for inflation), there has been practically no growth in retail turnover since the financial … Continue reading

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Qld and WA were on similar growth paths, but Qld got knocked off by GFC

This month’s RBA chart pack contains a nice, informative chart depicting State shares of Australia’s GDP (see below). It shows that, up until the financial crisis in 2008, Queensland, like WA, was increasing its share of national GDP, but stalled … Continue reading

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Hotels appear to have doubts about prospects for tourism recovery

Although there has been some recovery in room occupancy rates at hotels, motels and serviced apartments since the financial crisis (see first chart below), establishments are maintaining their financial crisis levels of staffing (see second chart below), which must impact … Continue reading

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