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Back from a busy few busy days in Cairns which included two economics breakfasts; one yesterday with Michael Workman from Comm Bank (hosted by the AICD) and the other this morning with Warren Hogan from ANZ (hosted by Advance Cairns). Both painted fairly positive pictures for Australian growth in the …read more
Last nights’ Budget has inevitably attracted a raft of comment in today’s media. We don’t intend to add a great deal to that since one’s stance on the pros and cons of the announcements will largely be a matter for where your politics sit. What is interesting is the divergence …read more
A piece carried in today’s Courier Mail highlights the well documented, and much commented on, failings of the QLD government’s “Strong Choices” website. Our friend Gene Tunny over at Queensland Economy Watch has previously posted at some length on the inherent problems with the site and the way that the LNP are trying to “sell” …read more
One of the less discussed recommendations from the Commission of Audit is their recommendation number 41 related to disaster relief. The Commission recommends replacing the current Natural Disaster Relief and Recovery Arrangements (NDRRA) with a Commonwealth grant for each disaster of between 25% and 33%. Under the current NDRRA arrangement …read more
Are you ready to catch the wave of the next “Fantastic 5”? A new Deloitte’s report (Positioning for Prosperity?…available here) identifies the five sectors that they estimate will overtake mining in the next 20 years and drive Australian growth. They are:-Gas – Agribusiness – Tourism – International Education – Wealth …read more
Data released by the ABS this morning shows that Retail Trade grew, as expected, by 0.5% for the month in December. The final quarter of the year saw a 0.9% increase in volume terms. Both numbers support the contention that the Aussie consumer is slowly becoming less cautious and spending …read more
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