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.

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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.

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.

Federal Budget 2017: Summary for directors

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

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...

Economic update: RBA leaves rates unchanged

The Reserve Bank Board today announced a steady cash rate, as all surveyed economists had expected. Only two weeks ago, the Bank made clear in its latest minutes that officials are monitoring developm...

Annual inflation accelerated in Q1

AICD’s Chief Economist, Stephen Walters explores the factors that have driven a bump in inflation in the last quarter.

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)
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