Stephen Walters, Chief Economist

AICD Chief Economist Stephen Walters discusses the economic news and issues that are affecting Australian boards.

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Weekly Updates

16 October 2017 | Stephen Walters GAICD

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.

Yet another stellar Aussie jobs report

14 September 2017 | Stephen Walters GAICD

The ABS today released the much-anticipated employment statistics for the month of August. The report showed the largest gain in employment nationally since March, with the lion’s share of the p...

Economics

The Dismal Science: The AICD’s economics podcast

13 September 2017 | Stephen Walters GAICD

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

Q2 GDP: faster growth…but still below trend

6 September 2017 | Stephen Walters GAICD

Today’s National Accounts revealed that growth in Australia’s economy bounced back in the June quarter, following the dismal showing in the March quarter. GDP in real terms expanded 0.8%q/q in Q2, bro...

Economics

RBA Board still awaits improvement

5 September 2017 | Stephen Walters GAICD

The Reserve Bank Board today gathered in Brisbane to consider the stance of monetary policy. Members opted to leave the cash rate steady at the current all-time low rate of 1.5%, as all economists sur...

Economics

Q1 Economic Update: Better than expected but still sluggish growth

23 June 2017 | Stephen Walters GAICD

Australian economic growth for the first quarter was better than most economists expected but still remained sluggish, says AICD Chief Economist Stephen Walters MAICD in the latest quarterly economic ...

Economics

Subpar, but Australia’s economy still growing

7 June 2017 | Stephen Walters GAICD

GDP growth slips to lowest since immediately after the global financial crisis, but it’s not all bad news, writes Chief Economist Stephen Walters.

Economics

No change from RBA before weak GDP data

6 June 2017 | Stephen Walters GAICD

Today’s announcement to keep the cash rate at an all-time low comes as no surprise despite sluggish Q1 GDP growth forecast for tomorrow’s National Accounts release, writes Stephen Walters.

Economics

Federal Budget 2017: Summary for directors

9 May 2017 | Stephen Walters GAICD

Treasurer Scott Morrison’s second Budget projects a 10th straight year of deficit, with two more shortfalls to follow before the projected move back into the black.

Federal Budget 2017: Stephen Walters' analysis

9 May 2017 | Stephen Walters GAICD

Treasurer Scott Morrison said this morning that Budgets are about choices, and he has chosen to jettison the austerity of previous Budgets in favour of what he calls “fairness, security and oppo...

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