Tag Archives: qld

Qld bouncing back nicely after technical recession in 2014

Posted on June 11, 2015 by Gene Tunny

The ABS labour force data for May give me much greater confidence that Queensland is bouncing back nicely from the technical recession we experienced over much of 2014 due to the end of the mining boom (see chart above). Queensland’s … Continue reading →

Posted in Labour market | Tagged , , , , , | 2 Comments

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

Victoria threatens to overtake Qld in international visitors

Posted on June 8, 2015 by Gene Tunny

In a recent post, regarding new ABS data on the State or Territory in which short-term (i.e. for less than one year) international visitors to Australia spent the most time, Mark Beath asks: “Surely Victoria can’t really be about to … Continue reading →

Posted in Education, Tourism | Tagged , , , , , , , , , | 2 Comments

Qld economy enduring shock from end of mining boom as well as could be expected

Posted on June 4, 2015 by Gene Tunny

The March quarter National Accounts data released yesterday surprised on the upside with quarterly growth at 0.9 per cent, but as some commentators have noted there remains a downside risk over the next 12-24 months from much lower capital expenditure … Continue reading →

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

Business confidence in Queensland – the most reliable estimate (Westpac-CCIQ) is the most worrying

Posted on June 1, 2015 by Gene Tunny

There is currently a large disparity among business confidence survey results for Queensland. The Sensis and Westpac Group-CCIQ reports for the March quarter suggest business confidence is relatively low, but the NAB report for the month of April, which the … Continue reading →

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

Mining leads fall in private sector capital expenditure – Qld technical recession may extend into 2015

Posted on May 29, 2015 by Gene Tunny

The technical recession Queensland experienced in late 2014 may extend into early 2015 based on new ABS data showing the large drop in mining investment from its extraordinarily high levels has continued into the March quarter of 2015 (see chart … Continue reading →

Posted in Macroeconomy, Mining | Tagged , , , , , , | Leave a comment

Clear evidence re-zoning decisions favour politically connected – new paper by Murray and Frijters

Posted on May 28, 2015 by Gene Tunny

Cameron Murray and Paul Frijters from the School of Economics at UQ have an excellent  paper out proving what we’ve all long suspected: that the politically well-connected do much better in the property development game than those less well-connected (see … Continue reading →

Posted in Housing | Tagged , , , , , | 2 Comments

Qld losing economic State of Origin at the moment

Posted on May 27, 2015 by Gene Tunny

On the day of the first State of Origin game for 2015, it seems timely to reflect on Queensland’s recent economic performance relative to NSW. Alas, it has not been great, with Queensland actually recording a slight loss of jobs … Continue reading →

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Residential dwelling investment crucial to re-balancing of Qld economy

Posted on May 24, 2015 by Gene Tunny

Queensland Treasury’s latest set of State Accounts, which have created so much controversy (see my previous post on Qld’s technical recession), show just how extraordinary the private sector investment boom was in Queensland, with investment increasing as a share of … Continue reading →

Posted in Housing, Macroeconomy, Mining | Tagged , , , , , , , | Leave a comment

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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