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Recent Posts
- Defence should never have been on the Qld-NSW border in the first place
- Second GC motorway should have been built decades ago – BODBTN extract
- Red tape and regulation – CIS On Liberty podcast
- Qantas call for state gov’t incentives highlights the prisoners’ dilemma of interstate bidding wars
- Upcoming CIS livestream on Regulation and COVID this Thursday
Top Posts & Pages
- Defence should never have been on the Qld-NSW border in the first place
- Heat map of Brisbane metro property prices – big opportunities in the Western corridor?
- Is North Qld under-funded by the State Government relative to the South East?
- Qld may see a surge of interstate migrants from Victoria post-COVID
- True Qld unemployment rate around 12%
- Top twenty largest cities and towns in Queensland by population
- Second GC motorway should have been built decades ago – BODBTN extract
- Townsville’s double digit unemployment rate signifies major downturn in region
- Which suburbs of Brisbane had the largest increases in unemployment?
- Is Townsville or Cairns the capital of North Qld?
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Blogroll
Tag Archives: recession
National leadership needed on interstate borders
Unless we get a COVID-19 vaccine soon, we’re most likely facing years of profound economic and social pain. Every day brings more news of businesses that will never re-open and jobs lost (e.g. earlier this year Arc Dining closed permanently … Continue reading
Posted in Macroeconomy, Uncategorized
Tagged border, coronavirus, covid-19, howardsmithwharves, mrc, nsw, pandemic, qld, queensland, recession
3 Comments
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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