Stephen Walters, Chief Economist

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.

Yet another stellar Aussie jobs report

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...

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.

Q2 GDP: faster growth…but still below trend

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...

RBA Board still awaits improvement

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...

Q1 Economic Update: Better than expected but still sluggish growth

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 ...

Subpar, but Australia’s economy still growing

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

No change from RBA before weak GDP data

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.

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...
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