Inside the Economist’s Mind

"The World Ahead" is an **annual predictive publication** from The Economist, released every November. It serves as a **forward-looking guide**, offering in-depth analysis, forecasts, and informed speculation across a wide spectrum of global affairs for the upcoming year.

The Transformative Impact of Donald Trump's Return: A significant focus is placed on the ramifications of Mr. Trump's re-election, anticipat...

Welcome to Inside’s Economists Mind—a podcast where economic thinking meets real-world impact.

You’re listening to our Career Conversations series, where we explore the journeys, challenges, and strategies that shape the careers of economists in Australia.

Today’s episode is all about mastering behavioral interviews at the ATO. If you’re preparing for an Economist or Research Analyst role in the public sector, this one’s for ...

In this episode, we dive into NAB Economics' preview of Australia's Q1 2025 GDP, which forecasts a 0.5% quarter-on-quarter rise. The growth is expected to be led by private sector momentum, particularly through business and dwelling investment, even as consumer spending shows signs of cooling. We'll explore how this outlook aligns with the Reserve Bank of Australia's expectations and what it means for inflation, the labor market, a...

Key points:

Population growth peaked just above 2.5%yr in Q3 2023 due to a surge following the reopening of international borders, driven by the return of students and arrival of approved permanent residents who were delayed by the pandemic.

Similar patterns of population growth surges and corrections have been observed in other countries like Canada, New Zealand, the United Kingdom, and Germany.

While previously expected to finish 20...

Australia's population growth surge following the reopening of international borders is now unwinding faster than previously indicated, reaching an annual rate of 1.8% in Q3 2024 and is now assumed to be 1.7% for calendar year 2024 by both Westpac and the RBA. This slowdown is expected to **reduce demand pressure on the housing market** and implies that **rent inflation should slow further**.

* There is currently a **high degree of ...

In this episode, we unpack Westpac IQ’s latest report on Australia’s construction sector for Q1 2025. With overall activity holding steady and a 3.5% year-over-year growth, residential construction is leading the charge. We also explore the evolving landscape of engineering construction, where traditional infrastructure takes a backseat to a growing wave of renewable energy projects. Plus, hear insights on how easing inflation is i...

In this episode, we dive into the rising tensions between the US and the European Union as former President Trump threatens a sweeping 50% tariff on EU goods. Drawing from ING Think’s latest economic analysis, we explore the EU’s counteroffers, the strategic sectors at stake, and what a full-blown transatlantic trade conflict could mean for global markets. Is this brinkmanship or the beginning of a larger economic standoff? Tune in...

This week on *Westpac’s Australia & New Zealand Weekly*, we unpack the Reserve Bank of Australia’s latest rate cut and what it signals about inflation and domestic demand. We also analyze New Zealand’s newly released Budget and the potential path ahead for the Reserve Bank of New Zealand. With global uncertainties looming, our economists dive into key international developments and preview critical upcoming data from China, Japan, ...

This episode features highlights from *Dollars and Cents* by The Australia Institute, diving into recent economic developments in Australia. We explore the Reserve Bank's latest interest rate cut, differing expert opinions on monetary policy, and the evolving definition of full employment. Plus, we break down new data on the gender pay gap in both public and private sectors, and consider how global uncertainty—including Trump-era p...

In this episode, we take a closer look at the methodology behind the Australian Wage Price Index (WPI). Based on official guidance from the Australian Bureau of Statistics, we break down how wage data is collected, what’s included (and excluded), and how consistent job tracking and statistical weighting ensure the index reflects real wage trends. Learn how seasonal adjustment and trend estimates make the WPI a vital tool for unders...

In this episode, we unpack the Reserve Bank of Australia's May 2025 monetary policy statement. With domestic activity tracking as expected and inflation gradually easing, the RBA has now turned its attention to new global risks. Rising trade tensions, especially following the United States' recent tariff hikes, are casting a shadow over the global and domestic outlook. We explore why the Board chose to lower the cash rate target, w...

In this episode, we spotlight the critical role of attention to detail in the world of economics. Through real-world examples and STAR method scenarios, we illustrate how meticulous data analysis, careful model building, and precise communication lead to reliable and impactful outcomes. We also explore why a sharp eye for detail is essential for ensuring data accuracy, avoiding costly errors, and maintaining professional credibilit...

In this episode, we unpack ING’s latest global economic outlook for May 2025. From trade tensions and geopolitical uncertainty to shifting central bank policies, we explore why global markets are stagnating despite early-year momentum. We dive into the impact of US tariffs, revised growth forecasts for key economies, and the evolving stance of central banks on interest rates. Plus, we look at falling oil prices and OPEC+’s new mark...

In this episode of our *Career Conversation Series*, we dive into strategies for mastering behavioral interview questions—especially for aspiring economists. We explore the value of the STAR method (Situation, Task, Action, Result) as a clear framework for structuring impactful responses. Listeners will gain tips on researching employers, preparing tailored examples, and demonstrating adaptability through real-world scenarios. We a...

In this episode of Inside the Economist’s Mind, we delve into the art of effectively communicating intricate economic concepts to diverse audiences. Economists often grapple with the challenge of making complex ideas accessible and engaging.

We explore key strategies to enhance clarity and connection:

Understanding Your Audience: Tailoring your message to the audience's knowledge level and interests is crucial.

Utilizing Storytelling...

In this episode, we delve into the vital role of analytical skills in the field of economics. Drawing from two insightful sources, we examine how economists can both showcase and sharpen their analytical thinking. Listeners will learn how to effectively respond to behavioral interview questions using the STAR method, with examples that bring real-world economic challenges to life. We also share practical tips for developing analyti...

In this episode, we explore why conflict resolution skills are essential for economists striving to excel in their careers. Drawing insights from two key sources, we break down seven critical areas—including emotional intelligence and effective communication—and show how mastering these skills enhances professional relationships and decision-making. Through practical examples using the STAR method, we reveal how economists can appl...

In this episode of *Inside the Economist’s Mind*, we explore strategies for optimizing teamwork among economists with diverse skill sets. Effective collaboration is crucial in economic analysis, where combining varied expertise leads to more robust outcomes.

We discuss the importance of clear role definition to prevent overlap and confusion, ensuring each team member understands their responsibilities and contributions. Sharing spec...