Opinion
Economist Gene Tunny looked at what might happen to Queensland’s economy if we shut down the state’s coal and gas industries tomorrow. It’s not going to happen of course, but even with a lead time of years and decades the disruption could be substantial writes Robert MacDonald.
Business
Someone, somewhere in the world has effectively paid the Australian Government to hold on to millions of dollars of their money.
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The COVID-19 pandemic has cost the Queensland Government about $18 billion and business is split over the benefits of its strategy to move out of its worst-ever recession.
Business has cheered the reopening of borders but warn of a “September cliff”’ when JobKeeper subsidies end and the zombie companies it props up will fail.
More than 116,000 people are missing from Queensland’s unemployment data after they effectively dropped out of the job market, which has masked the real impact of the economic fallout from the COVID-19 pandemic.
Queensland’s domestic economy slid by 0.3 per cent in the March quarter and one of the biggest contributors was a surprising downturn in general government investment in buildings, plus state and local investment in infrastructure.
