Tag Archives: queensland

Qld economic outlook talk at Phil Di Bella’s Coffee Commune this Friday 19 May

Posted on May 16, 2023 by Gene Tunny

The big economic question for 2023 is how much the Australian economy will slow down in response to interest rate increases, regarding which we should expect more to come. Queensland’s economy will benefit from a high-performing mining sector, but there’s … Continue reading →

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Regional economic divergence – podcast chat w/ Rob Sobyra, Construction Skills Qld

Posted on October 11, 2022 by Gene Tunny

I’ve reported on how the economic recovery has seen large falls in unemployment rates across Queensland, including in most regions (see Remarkable turnarounds for Townsville, Mackay, and Cairns). But I need to acknowledge that employment growth is still overwhelmingly in … Continue reading →

Posted in Labour market, Macroeconomy | Tagged , , , , , | Leave a comment

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 →

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

Qld state budget: thanks for the billions coal miners, now pay us even more

Posted on June 21, 2022 by Gene Tunny

As I’ve been forecasting for months now, the Queensland state budget is in much better shape than the state Treasury forecast back in December. Higher royalties, stamp duty, and other taxes helped deliver a $1.9 billion operating surplus in 2021-22 … Continue reading →

Posted in Budget, Macroeconomy | Tagged , , , , , , , , | 3 Comments

Qld hospitality sector has had stronger recovery than NSW and Victorian sectors

Posted on June 20, 2022 by Gene Tunny

Earlier this month, Queensland Airports boss Amelia Evans was reported by the Courier-Mail as saying that travel was bouncing back strongly. Queensland Airports operates the Gold Coast, Townsville, Mount Isa, and Longreach airports, so Ms Evans would have a good … Continue reading →

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

Qld & Australia exporting lower volumes but earning more, due to higher coal and iron ore prices

Posted on June 19, 2022 by Gene Tunny

The pandemic and China’s trade restrictions have no doubt had some adverse effects on commodity volumes exported from Queensland, but super high commodity prices, associated partly with the war in Ukraine, have more than offset those impacts when it comes … Continue reading →

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

Japan is Qld’s top export destination once again, but only by a small margin

Posted on June 18, 2022 by Gene Tunny

Thanks to the Japanese Ambassador for highlighting that Japan has overtaken China to return to being the top destination for Queensland exports, as Japan was for several decades prior to 2013 (see the chart below including data up to April … Continue reading →

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

Super-high coal royalties to help address Qld hospitals crisis

Posted on May 27, 2022 by Gene Tunny

As I predicted earlier this month (see John McCarthy’s 13 May InQld article), the Queensland Government will be boosting health spending in the upcoming budget to deal with the hospitals crisis, and to a large extent it’s able to do … Continue reading →

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

Economic update: interest rates, monetary policy, fiscal policy, and coal prices

Posted on May 7, 2022 by Gene Tunny

The election debate would benefit from a clear understanding of the factors affecting interest rates, now that the RBA has increased the cash rate from the “emergency level” of 0.1%, practically the lowest it could go, to the still extraordinarily … Continue reading →

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

Coaldrake integrity inquiry submission

Posted on April 26, 2022 by Gene Tunny

Professor Peter Coaldrake appears to be doing a great job in his Review of culture and accountability in the Queensland public sector, and I’ve been impressed by his findings in his interim report regarding the politicisation of the public service, … Continue reading →

Posted in Budget | Tagged , , , , , | Leave a comment