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.

MYEFO – Fending off a ratings downgrade

Treasurer Scott Morrison today released the Midyear Economic and Fiscal outlook (MYEFO) document revealing a modest deterioration in the state of the federal Budget.

Economic update: Australia's economy shrank in Q3

Australia’s economy shrank in the third quarter. The AICD’s chief economist dives into the GDP numbers to see whether we are headed for recession.

Economic update: Business investment, Q3

Economists are looking for the silver lining following today’s release of business investment data for Q3 which shows a continued decline in investment spending across the board.

Economic update: Trump and Australia

While there are some positives, the victory of Donald Trump in Tuesday’s US Presidential Election portends badly for global trade flows from which Australia benefits.

Economic update: Confidence declines

The latest numbers show business and consumer confidence on the wane. Today’s Westpac release on household confidence showed a 1.1% decline, while business conditions slipped to an 18-month low in Oct...

Economic update: Retail Sales

September retails sales figures delivered a small positive surprise, notching the fastest rate of growth since mid-2015.

Economic update: Reserve Bank decision, November

Australia’s Reserve Bank Board today left the cash rate steady at 1.5%, as the majority of surveyed economists had anticipated.

Economic update: Q3 Inflation

A Melbourne Cup day rate cut is now the roughest of chances following an unexpectedly high Q3 inflation print.

Economic update: September jobs data

Today’s release of employment figures for September presented some unexpected and confusing results. Stephen Walters unpacks the latest data release, confirming that the Australian labour market is in...
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