Mark-Thirwell

 

Mark Thirlwell is the AICD’s Chief Economist. With 30 years’ experience, Mark’s weekly podcast and email newsletter keep members up to date on the key economic issues and forces shaping the environment in which directors operate.

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A record jump in employment in November

17 December 2021 | Mark Thirlwell MAICD
The number of employed people soared by a record 366,100 in November this year, smashing consensus expectations for an already-robust 200,000 increase. In an extremely strong labour force report, hour...
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RBA ends 2021 with cash rate still at record low and QE in place

10 December 2021 | Mark Thirlwell MAICD
As the data calendar winds down for 2021, this week brought the final RBA meeting of the year, several updates on the state of the labour market and yet more numbers on the pace of Australian house pr...
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GDP shrinks 1.9 per cent in Q3 as Omicron looms

3 December 2021 | Mark Thirlwell MAICD
Along with uncertainties around the implications of the new Omicron variant for the world economy, this week also brought Australia’s September quarter 2021 national accounts and a bunch of data...
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Business activity strengthened in November, jobs rose in October

26 November 2021 | Mark Thirlwell MAICD
The real-time data is showing healthy recovery in the Australian economy, though the Q3 GDP release next week will show a sharp contraction due to the lockdowns.
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Catching up on COP26; no sign yet of surging wages

19 November 2021 | Mark Thirlwell MAICD
COP26 concluded with the signing of the Glasgow Climate Pact. Judged against the key benchmarks of delivering enough emissions reductions to keep the world on track to meet the goals of the Paris Agre...
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An initial assessment of COP26

17 November 2021 | Mark Thirlwell MAICD
The  26th United Nations Climate Change Conference of the Parties or COP26 concluded in Glasgow on 13 November 2021 with nearly 200 countries signing on to the Glasgow Climate Pact. Our prim...
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Jobless rate jumps to 5.2 per cent

12 November 2021 | Mark Thirlwell MAICD
The main focus of this week’s Australian data releases was some early evidence on the post-lockdown labour market. One indicator came in the form of the October 2021 labour force results, althou...
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RBA exits yield curve control

5 November 2021 | Mark Thirlwell MAICD
At this week’s monetary policy meeting the RBA announced an abrupt end to the policy of yield curve control that it introduced back in March last year. The RBA also changed the language around t...
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Underlying inflation surprises on the upside

29 October 2021 | Mark Thirlwell MAICD
The key data release this week was the third quarter Consumer Price Index (CPI). Attention focused not on the headline rate of inflation – which eased to three per cent year-on-year in the Septe...
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Markets vs RBA on interest rates; China slows

22 October 2021 | Mark Thirlwell MAICD
This week’s RBA minutes show that earlier this month the central bank’s board remained confident that Australia was not headed for the kind of inflationary outbreak that would require an e...
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