Stephen Walters, Chief Economist

Stephen Walters has joined the AICD in role of Chief Economist, to expand our contribution to policy debate and offer broader insights to our members.


The Dismal Science: The AICD’s economics podcast

In our new weekly podcast, AICD Chief Economist Stephen Walters discusses the economic news and issues that are affecting Australian boards.

Weekly Updates

Each Monday, Stephen Walters provides an update on the economic week that was, and the week that will be. You can follow Stephen’s updates here.

RBA sounding more anxious about housing

AICD’s Chief Economist, Stephen Walters MAICD, dissects the latest commentary on interest rates, and the housing and labour markets to come out of today’s Reserve Bank Board meeting.

Q1 Economic Update: technical recession easily averted

Despite a technical recession averted once again, underlying problems still remain that only a material sustained improvement in productivity can fix, explains Stephen Walters MAICD in the latest quar...

Disappointing jobs report for February

The AICD’s Chief Economist Stephen Walters MAICD looks for the silver lining in amongst the most recent (and unexpected) national employment figures.

Reserve Bank balancing risks

Australia’s Reserve Bank Board assembled today and decided to leave the cash rate at 1.5% (where it has been since last August)

Australia’s economy easily dodges “recession”

Today’s National Accounts for the December quarter showed that growth in Australia’s economy bounced back last quarter.

Few green shoots on business investment

The latest investment numbers showed another fall in spending in real terms in the last quarter. Firms remain cautious and much needed ‘animal spirits’ are still in short supply, according to AICD Chi...

Economic update: No surprises from the RBA

As expected, the RBA left the cash rate steady in February. Officials seem largely content with the outlook for the economy and policy stance, according to AICD Chief Economist Stephen Walters.

Economic update: Inflation still subdued in Q4

Inflation remains stubbornly below the RBA’s target. Nonetheless, we shouldn’t expect further rate cuts, says AICD Chief Economist Stephen Walters
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