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Recent Posts
- Opening remarks to Qld Parliamentary Inquiry on economic response to COVID-19
- What’s going on with the Aussie dollar – my latest video
- Australian coverage of my upcoming Qld Parliamentary Inquiry appearance
- Dynamic pricing economics & ethics podcast discussion
- Upcoming Qld Parliamentary COVID-19 Inquiry appearance
Top Posts & Pages
- Opening remarks to Qld Parliamentary Inquiry on economic response to COVID-19
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Qld public service freeze - my Courier-Mail comments
- Individual public servants blamed while politicisation of Qld public service goes unaddressed
- Top twenty largest cities and towns in Queensland by population
- Unfreezing discount rates with Marion Terrill from Grattan - latest podcast episode
- My Weekend Australian comments on Qld Future Fund
- Inner Brisbane Cross River Rail CAPEX comparable to statewide education CAPEX
- Which suburbs of Brisbane had the largest increases in unemployment?
- Australian coverage of my upcoming Qld Parliamentary Inquiry appearance
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Blogroll
Tag Archives: recession
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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Catch up with CCIQ Chief Economist on dreadful business conditions & huge budget deficits
Yesterday afternoon I caught up with CCIQ Chief Economist Dr Marcus Smith for a phone interview on the coronavirus-induced recession/mini-depression, and you can listen to the recording here: Highlights include: 3:50 – discussion of forecasts for double-digit unemployment rates in … Continue reading
Posted in Budget, Cairns, Gold Coast, Macroeconomy, Uncategorized
Tagged anz, australia, cciq, coronavirus, covid-19, economy, jobkeeper, jobseeker, publicservice, qld, radicaluncertainty, recession, unemployment, unemploymentrate
2 Comments
612 ABC Brisbane follow-up interview on AOFM bond auctions/gov’t borrowing
As I told 612 ABC Brisbane Drive program host Steve Austin earlier this evening, the Australian Office of Financial Management (AOFM) had a good day today, running a successful $2 billion bond auction, selling $2 billion of bonds at a … Continue reading
Posted in Budget, Macroeconomy, Uncategorized
Tagged 612abcbrisbane, aofm, australia, bonds, borrowing, coronavirus, covid-19, debt, recession, socialdistancing, treasury
2 Comments
The Fast Depression – 10 million newly jobless Americans in just two weeks
It is hard to overstate how rapidly economic conditions are deteriorating in economies affected by coronavirus, most particularly in the United States, which is seeing hitherto unbelievable numbers of people filing for unemployment benefits (see chart below). The 6.6 million … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged australia, consumerconfidence, coronavirus, covid-19, depression, recession, unemployment, us
2 Comments
New COVID-19 chat with Joe Branigan of Tulipwood Economics
I’ve recorded another interview on the latest COVID-19 rescue package from the federal government, this time with my good friend and former Treasury colleague Joe Branigan, Director of Tulipwood Economics. Joe provides important context for the massive rescue package. He … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged australia, coronavirus, covid-19, depression, economy, grattan, qld, queensland, recession, rescuepackage, schools, socialdistancing, stimulus, superannuation, treasury
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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
Qld economy was goosed up by gov’t spending in final quarter of 2018
Australia’s weak 0.2% GDP growth in December quarter has prompted talk of a “per capita recession”, as our economy has now been growing at a slower rate than the population for two consecutive quarters (see this SMH report). The national … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged abs, consumption, gdp, nationalaccounts, ndis, publicservice, qld, queensland, recession, sfd
6 Comments
Mining leads fall in private sector capital expenditure – Qld technical recession may extend into 2015
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 abs, capex, infrastructure, investment, mining, qld, recession
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Qld losing economic State of Origin at the moment
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
Posted in Labour market, Macroeconomy
Tagged employment, mining, nsw, qld, queensland, recession, stateoforigin
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Residential dwelling investment crucial to re-balancing of Qld economy
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 buildingapprovals, dwellinginvestment, qld, qldtreasury, queensland, recession, stateaccounts, treasury
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