Tag Archives: queensland

Let’s hope omicron is just a short, sharp shock

Things have worsened quickly with Queensland’s omicron outbreak, and we really hope it is just a “short, sharp” outbreak as many health experts are predicting. The Brisbane Times has reported “University of Sydney infectious diseases expert Robert Booy also forecast … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , | 1 Comment

Qld Economic Outlook for 2022

Prior to the omicron outbreak, I was very confident about the Queensland economic outlook for 2022. I’m still reasonably confident that the state economy will perform well over 2022, but nothing is certain of course. There’s been a bit of … Continue reading

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

Poorly thought out regulations for Qld reopening

With its poorly thought out regulations surrounding Queensland’s reopening, the state government is providing lots of instructive examples of adverse unintended consequences of regulations. Among other problems, we have had: overstretched COVID testing centres, here and in other states, although … Continue reading

Posted in Queensland Government | Tagged , , , , | 2 Comments

Sunny Coast booming | Qld must remain open for business petition

Relative to pre-COVID levels, while all Queensland regions have much higher job vacancies, it is the Sunshine Coast that is well in the lead, according to the National Skills Commission’s internet vacancies data for November 2021, published yesterday (see chart … Continue reading

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

One in every one thousand people in Qld in quarantine with more to come given sharply rising COVID numbers

According to the Courier-Mail, over 5,400 people, or around one in every one thousand people in Queensland are in active quarantine, mostly because they’re close contacts of COVID cases (see the charts below with data for the Queensland Hospital and … Continue reading

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

Optimism at home, big inflation concerns abroad – catch up with my livestream at 11.30am AEST

While Australian economic policy makers are forecasting a growing economy with moderate inflation, policy makers elsewhere are concerned about accelerating inflation. In the federal budget update released yesterday, the Treasury has forecast a growing economy with inflation within the RBA’s … Continue reading

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

Coal the dirty secret behind Qld budget improvement

The super high coal price is the main reason Queensland Treasurer Cameron Dick will report a much improved state budget balance this week. However, yesterday the Brisbane Times reported: Mr Dick said the silver lining of the pandemic was an … Continue reading

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

Was COP26 just a talkfest? Latest podcast episode with Scott Hook, a former COP adviser for Pacific nations

I caught up with my colleague Scott Hook recently to review the outcomes, or arguably lack of outcomes, of the COP26 climate change summit which was held in Glasgow last month (see Economics Explored episode 117). Scott has previously attended … Continue reading

Posted in Climate change | Tagged , , , , , , , , , | Leave a comment

Gov’t and renewables making disproportionate contributions to demand growth in Qld

The September quarter National Accounts published by the ABS yesterday revealed that the general government sector made a disproportionate contribution to Queensland state final demand growth that quarter, suggesting a strong pick up in the hiring of public servants, contractors, … Continue reading

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

No way Qld Gov’t can cancel 17 December reopening to other states – Omicron be damned

Fortunately, the Queensland Government gave a firm commitment to reopen the state to interstate visitors on 17 December, and I doubt the Omicron variant will force the Government to cancel that reopening. It would wreck the government politically, just as … Continue reading

Posted in Macroeconomy, Retail trade | Tagged , , , , , , , | 3 Comments