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Recent Posts
- How high agreeableness meant Aussies tolerated COVID restrictions – latest podcast episode with QUT’s Dr Stephen Whyte
- Most host cities lose money on the Olympics – SEQ Olympics needs to be delivered cost-effectively
- Interest rates and inflation with Michael Knox, Chief Economist of Morgans
- ABC radio story on Hollywood blockbusters crowding out local productions featuring David Williamson and me
- ‘Hollywood Australia’ supported by generous tax credits and other government subsidies
Top Posts & Pages
- How high agreeableness meant Aussies tolerated COVID restrictions - latest podcast episode with QUT's Dr Stephen Whyte
- Most host cities lose money on the Olympics - SEQ Olympics needs to be delivered cost-effectively
- Top twenty largest cities and towns in Queensland by population
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Great Reset podcast chat with Darren Brady Nelson
- The Gig Economy - Economics Explained episode with Darren Brady Nelson
- Surveillance Capitalism with Darren Brady Nelson - latest Economics Explained episode
- Michael Porter on Cairns's tourism cluster
- Where do Queensland's super rich live?
- Thoughts on the border decision and QPC’s productivity reform livestream
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Blogroll
Tag Archives: nationalaccounts
CommSec’s weird assessment of Victoria’s economic growth as leading the nation in State of the States
This afternoon, Australian Institute for Progress Executive Director Graham Young alerted me to his conversation with 612 ABC Brisbane host Steve Austin and McKell Institute Executive Chair Rachel Nolan yesterday on Steve’s Drive program (from around 2:26:30) regarding the CommSec … Continue reading
Posted in Labour market, Macroeconomy
Tagged 612abcbrisbane, abs, commsec, coronavirus, covid, covid-19, employment, nationalaccounts, pandemic, qld, queensland, statefinaldemand
2 Comments
JobKeeper has been stimulating in multiple ways – evidence from Lush Marcoola
Well done to Matty Holdsworth from the Sunshine Coast Daily for some excellent reporting on the Lush Marcoola brothel which was re-printed in today’s print edition of the Courier-Mail on p. 47: YOUNG men cashed up on JobKeeper payments kept … Continue reading
Posted in Macroeconomy
Tagged aviation, coronavirus, covid, covid-19, hospitality, jobkeeper, nationalaccounts, prostitution, tourism
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Aussies over-confident after being over-compensated by Gov’t for COVID-recession
Today we learned that, as Reuters reports, Australia consumer sentiment hits 10-year high (see chart above). This is despite Chinese trade restrictions and the looming insolvency tsunami in the new year and the fiscal cliff in April 2021. Sure, given … Continue reading
Posted in Macroeconomy
Tagged abs, australia, consumerconfidence, consumers, government, nationalaccounts
2 Comments
Qld Gov’t going for broke in COVID response
As well as confirming Australia is in a deep recession, with a 7% fall in GDP in June quarter, the National Accounts published by the ABS earlier today revealed Queensland state and local governments (mostly the state government) are spending … Continue reading
Posted in Budget
Tagged budget, coronavirus, covid-19, gdp, governmentspending, nationalaccounts, qld, queensland
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Big question now is how long and how deep the recession will be
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
Posted in Macroeconomy
Tagged australia, coronavirus, covid-19, gdp, nationalaccounts, nsw, qld, queensland, recession, statefinaldemand, victoria
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Overly optimistic reactions to discouraging GDP data
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
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, economicgrowth, gdp, gdpgrowth, nationalaccounts, nsw, qld, queensland, rba, statefinaldemand, victoria
2 Comments
Federal & state spending propping up national & state economies
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
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, gdp, gsp, nationalaccounts, qld, queensland
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Qld construction activity 16% lower than in June quarter last year
Back in February, I depressed several hundred people in the construction and property sectors who heard me speak about the economic outlook at various events around Brisbane (e.g. Qld: hot or not?). It was reasonably clear from building approvals and … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged australia, construction, gdp, nationalaccounts, qld, queensland
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Good & bad news on Qld economy – avoids worst effects of property bust, but remains reliant on gov’t spending
Queensland state and local general government capital expenditures increased 13% in March quarter, rising to $2.79 billion, helping Queensland to record 0.5% growth in State Final Demand, the second highest growth rate in Australia (second to Tasmania with 0.7%). Part … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, floods, housing, nationalaccounts, property, queensland
2 Comments
Is it nonsense to talk about a “GDP per capita recession”?
My colleague Nick Behrens from QEAS is critical of recent references to Australia’s “GDP per capita recession” by the media and the federal Opposition in his latest post A GDP per capita recession is nonsense. Recall that the December quarter … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, australia, gdp, gdpercapita, immigration, infrastructure, nationalaccounts, recession, treasury
2 Comments