Tag Archives: gsp

Size and structure of the Qld economy: today vs 1939-40 using Colin Clark’s estimates

Posted on April 8, 2023 by Gene Tunny

Back in the nineties, a history-conscious Queensland Treasury official saved a 1944 chart on “Post-war Employment Planning” from the rubbish bin during an office cleanout (Figure 1). On his retirement from the public service, that official gave me the chart. … Continue reading →

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Qld Gross State Product was up 22% in dollar terms in 2021-22

Posted on July 5, 2022 by Gene Tunny

Hidden in a note to its economic forecasts table in the state budget was the extraordinary estimate from Queensland Treasury that, in nominal dollar terms, the state economy expanded 22% last financial year, 2021-22 (see the chart below based on … Continue reading →

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Most houses approved in one month in Qld since time of high interstate migration in 90s

Posted on February 3, 2021 by Gene Tunny

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 →

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CCIQ Coronavirus interview – Chief Economist “very concerned” about potential impacts

Posted on February 7, 2020 by Gene Tunny

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 →

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Federal & state spending propping up national & state economies

Posted on September 4, 2019 by Gene Tunny

I feel sorry for Treasurer Josh Frydenberg, who has the duty of talking up the economy regardless of what the National Accounts data are saying. As you’re no doubt aware by now, the June quarter 2019 National Accounts published by … Continue reading →

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YIMBY, self-fulfilling prophecies, Cairns tourism & Qld GSP growth: Comments & questions on my outlook presentations

Posted on February 10, 2019 by Gene Tunny

I’ve had several interesting comments and questions regarding my economic outlook presentations last week. YIMBY – Yes in my backyard In my Brisbane Club presentation last Wednesday Qld: Hot or not? I commented on Brisbane City Council’s temporary planning instrument … Continue reading →

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Comments on Deloitte’s latest economic outlook for Qld

Posted on January 29, 2018 by Gene Tunny

The latest economic reports from Deloitte and CommSec are out and, no doubt to the disappointment of their respective media officers, are both covered in the same Courier-Mail report this morning by John McCarthy: QUEENSLAND appears to be stuck near … Continue reading →

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Qld’s economic outlook for 2018

Posted on January 12, 2018 by Gene Tunny

CCIQ’s Joseph Kelly has published a nice note titled Business 2018 examining the outlook for Queensland business in 2018, in which he suggests “2018 has all the elements to be the year for business.” Factors that will boost Queensland’s economy … Continue reading →

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Qld’s real gross state income surged in 2016-17 as coal prices recovered strongly

Posted on November 17, 2017 by Gene Tunny

According to ABS State Accounts data released today, Queensland’s real gross state income surged 7.5% in 2016-17, the highest growth rate among States and Territories, owing to the strong recovery in coal prices during that financial year (see chart below).* … Continue reading →

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Improved economic conditions may give Qld Gov’t confidence to call early election

Posted on August 10, 2017 by Gene Tunny

Queensland political observers were stunned today when State Government Ministers started giving what appeared to be end-of-term wrap up speeches in Parliament, raising the possibility of an early election in September or October. With some of the Government’s recent announcements, … Continue reading →

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