Tag Archives: stateaccounts

Improved economic conditions may give Qld Gov’t confidence to call early election

Posted on August 10, 2017 by Gene Tunny

Queensland political observers were stunned today when State Government Ministers started giving what appeared to be end-of-term wrap up speeches in Parliament, raising the possibility of an early election in September or October. With some of the Government’s recent announcements, … Continue reading →

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Trouble in Qld construction industry & worse may be to come

Posted on May 17, 2017 by Gene Tunny

Referring to the recent failures of building companies such as CMF Projects, CKP, and Cullen, the Courier-Mail this morning observed: …we hear that even the higher profile builders (household names actually) are getting nervous with soaring costs cutting into profits, … Continue reading →

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Surge in overseas exports has given Qld a rare trade surplus

Posted on May 5, 2017 by Gene Tunny

Queensland Treasury’s December quarter State Accounts estimates released earlier this week were encouraging, with gross state product (GSP) growth recorded at 0.9 percent for the quarter and 3.4 percent through-the-year, which are very respectable growth rates, particularly with population growth … 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 →

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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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Qld experiences technical recession as investment falls from elevated levels – no need to panic yet, though

Posted on May 21, 2015 by Gene Tunny

Watching the ABC News tonight, I had to laugh when ABC State Political Reporter Chris O’Brien prefaced opinions given by Nick Behrens from CCIQ and me on whether Queensland is in recession with that classic journalistic device “Opinions differ…” Well … Continue reading →

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Mining capital spending saved Qld economy from really poor growth in 2012-13

Posted on December 1, 2013 by Gene Tunny

The 2012-13 State Accounts, released by the ABS on Thursday, confirm that heavy engineering construction, largely by the resources sector, shored up the Queensland economy in 2012-13 and protected it from the adverse impacts of Government spending cuts. This is … Continue reading →

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Greater uncertainty over 2013-14 economic outlook

Posted on July 10, 2013 by Gene Tunny

The last 24 hours have seen the release of a sobering NAB report on its monthly business survey (Business conditions collapse in June, retail worst hit, says NAB) and the latest IMF World Economic Outlook, which has slightly downgraded China’s … Continue reading →

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