Tag Archives: gsp

Great initiative from Qld Treasury to explain forecasts in Economic Society seminar

Posted on June 17, 2015 by Gene Tunny

As Secretary of the Queensland branch of the Economic Society of Australia, I’m very pleased that, on Wednesday 15 July, the day after the Treasurer delivers the State Budget, a senior Queensland Treasury official, Greg Uptin, will give a briefing … Continue reading →

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Qld Treasury’s forecasting record has improved in last few years, but big test to come

Posted on June 9, 2015 by Gene Tunny

In the Mid-Year Fiscal and Economic Review at the end of 2014, Queensland Treasury downgraded its economic growth forecast for Queensland in 2014-15 from 3% to 2.5%, to reflect the weaker economic outlook. After Queensland’s technical recession in the last … Continue reading →

Posted in Budget, Macroeconomy | Tagged , , , , , , , , | 8 Comments

More on Qld’s late-2014 technical recession – Treasury should get out there and defend its figures

Posted on May 23, 2015 by Gene Tunny

I was flattered that the Queensland Treasurer Curtis Pitt, or possibly one of his staffers, shared my previous post on his Facebook timeline yesterday (screenshot below). It’s regrettable that the integrity of the Queensland Treasury has been questioned in the … Continue reading →

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Qld experiences technical recession as investment falls from elevated levels – no need to panic yet, though

Posted on May 21, 2015 by Gene Tunny

Watching the ABC News tonight, I had to laugh when ABC State Political Reporter Chris O’Brien prefaced opinions given by Nick Behrens from CCIQ and me on whether Queensland is in recession with that classic journalistic device “Opinions differ…” Well … Continue reading →

Posted in Macroeconomy | Tagged , , , , , , , , , | 6 Comments

Qld economy hit by declines in both private and public sector capital spending

Posted on March 4, 2015 by Gene Tunny

It was unsurprising that the National Accounts data released by the ABS today showed the Australian economy continuing to grow at a sub-trend rate (2.5% through-the-year), and that Queensland was enduring a large shock from a decline in resources sector … Continue reading →

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Qld waiting for LNG exports to boost economic growth, as internal demand falls away

Posted on December 4, 2014 by Gene Tunny

The first exports of LNG from Curtis Island off Gladstone are expected to occur later this month, and they can’t come soon enough for the Queensland economy, with our current economic weakness confirmed by State Final Demand estimates in yesterday’s … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , , , | 2 Comments

Productivity push from Qld Govt needed after living standards growth stalls

Posted on November 23, 2014 by Gene Tunny

Queensland Treasury econocrats should start investigating measures to improve our productivity performance, after ABS State Accounts data released on Friday confirmed a big slowdown in living standards growth over the last decade or so – measured, roughly I admit, by … Continue reading →

Posted in Macroeconomy, Productivity | Tagged , , , , , , | 10 Comments

Mining capital spending saved Qld economy from really poor growth in 2012-13

Posted on December 1, 2013 by Gene Tunny

The 2012-13 State Accounts, released by the ABS on Thursday, confirm that heavy engineering construction, largely by the resources sector, shored up the Queensland economy in 2012-13 and protected it from the adverse impacts of Government spending cuts. This is … Continue reading →

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State against State – Qld caught up to NSW in per capita output over 2000s

Posted on June 26, 2013 by Gene Tunny

NSW was traditionally a more productive State than Queensland per head of population, as expressed in economic measures such as gross state product (GSP) per capita produced by the ABS. But Queensland’s economy caught up in per capita terms over … Continue reading →

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