Tag Archives: victoria

Mining & Ag have partly shielded several Qld regions from COVID shock

As shown in my post on the latest payroll jobs data from the ABS, the regions which have fared the best in Queensland since the COVID-related economic crisis began in March are Toowoomba and Central Queensland, likely due to the … Continue reading

Posted in Agriculture, Labour market, Mining, Toowoomba | Tagged , , , , , , , , , , , | Leave a comment

Chief Medical Officers should make their value judgements clear and Premiers shouldn’t just defer to them

The Australian Institute for Progress ran an excellent webinar last night, on the economic response to the pandemic, featuring prominent Australian businesswoman and former ACT Chief Minister Kate Carnell and Griffith University Economics Professor Tony Makin. It’s certainly a good … Continue reading

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

Qld may see a surge of interstate migrants from Victoria post-COVID

I expect many Victorians suffering through stage four restrictions due to the COVID-19 outbreak will be contemplating a move to Queensland. And some savvy Victorians have found a way to do just that already. For instance, see this Nine News … Continue reading

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Catch up on COVID-19 with Joe Branigan

I fear that the draconian stage 4 restrictions in Victoria and Queensland’s re-imposition of the hard border with NSW are over-the-top, disproportionate policy responses that will cause unwarranted economic and social harm, both short and long-term. Earlier today, I chatted … Continue reading

Posted in Macroeconomy, Queensland Government, Tourism | Tagged , , , , , , , , , , , , , | Leave a comment

JobKeeper test revision necessary given bleak outlook

Given the Victorian COVID-19 response debacle, the economic outlook is no doubt even bleaker than the bleak outlook reported by CCIQ today in its June Pulse Survey report (see chart below), so it’s welcome news that the federal government is … Continue reading

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

Australia’s upcoming mini-Budget

Australian Treasurer Josh Frydenberg will hand down a mini-Budget this Thursday, and it’s coming just in time, given the growing concern over the spread of COVID-19 in Victoria and NSW. I recorded a video earlier today with some thoughts on … Continue reading

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

Suppression preferred over more costly elimination strategy say Ergas & Branigan

Henry Ergas and Joe Branigan have just had a new paper published by the Menzies Research Centre, COVID19: Getting Australia Safely Back to Work. Yesterday I interviewed Joe about the paper and you can hear our conversation using the player … Continue reading

Posted in Macroeconomy, Uncategorized | Tagged , , , , , , , | 4 Comments

Premier’s border decision helps, but it’s still early days in any recovery from virus recession

The Queensland Premier’s decision to reopen the border to non-Victorian interstate travellers and to bring forward the relaxation of a range of restrictions will no doubt provide a bit of a boost to the economy (e.g. the Courier-Mail is reporting … Continue reading

Posted in Labour market, Macroeconomy, Queensland Government, Uncategorized | Tagged , , , , , , , , , , , | Leave a comment

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

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Overly optimistic reactions to discouraging GDP data

The RBA and the Government must be happy the media is accepting the Bank’s “gentle turning point” view of the Australian economy (e.g. see the AFR’s ‘Back on track’: GDP lifts to 1.7pc), but I can’t see how the September … Continue reading

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