Tag Archives: mining

Qld economy needs pick up in private sector investment

According to the latest National Accounts released by the ABS last week, private sector investment spending fell in Queensland over the March quarter (in seasonally adjusted terms) and State Final Demand would have fallen as well, if it were not … Continue reading

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NAIF $900M loan to Adani for mega-mine rail line is far from a first best solution, possibly second or third best

As a former Treasury official and long-time critic of industry assistance, I’m sympathetic to the Federal Opposition’s criticism of the expected $900 million soft loan from the Northern Australia Infrastructure Facility (NAIF) to Adani for the rail line to its … Continue reading

Posted in Infrastructure, Mining, Uncategorized | Tagged , , , , , | 5 Comments

Qld economy should be resilient to Cyclone Debbie

While we are still to learn the full extent of the damage and economic disruption of Cyclone Debbie, we should be reasonably confident that any adverse economic impact, such as through lost crops, tourism, or disruption to coal mining and … Continue reading

Posted in Cyclones, Macroeconomy, North Queensland, Uncategorized | Tagged , , , , , , , , , , , | 4 Comments

Strong growth in plant & equipment capex is good news for Qld economy

Last Friday, in his opening statement to the House of Representatives Standing Committee on Economics, RBA Governor Phil Lowe observed: “Nationally, measures of business conditions have picked up noticeably recently. For some time we have been waiting for a lift … Continue reading

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Health care business numbers up 17%, while retail, mining & farm business counts fall 8-9% over 2012 to 2016

The structural change the Australian economy has experienced in recent years, including the decline in manufacturing and the decline of small retailers, at the same time as health care and other service sectors are booming, reveals itself in the latest … Continue reading

Posted in Agriculture, Health, Mining, Retail trade, Uncategorized | Tagged , , , , , , , | 3 Comments

Comments in Courier-Mail on Qld regional economies and structural change

Today, the Courier-Mail is re-launching its GoQld campaign, this time with a focus on regional economies. It has rightly identified the large divergence in employment growth between SEQ and the rest of Queensland, and it is reporting a loss of … Continue reading

Posted in Labour market, Macroeconomy, Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , , | 3 Comments

HSBC’s Paul Bloxham on the economic outlook and President Trump

Last Thursday, Paul Bloxham, HSBC Chief Economist for Australia and NZ, gave an excellent briefing on the economic outlook at a lunchtime event organised by the French Australian Chamber of Commerce and Industry (FACCI), and hosted by Clayton Utz at … Continue reading

Posted in China, Mining, Uncategorized | Tagged , , , , , , , , , , , , | 1 Comment