James Walsh

Economist | Rower and Surf Life Saver. Views my own.

[James Walsh @JamesWalsh65]

@AnnaHay1 10/10 column 👏

[James Walsh @JamesWalsh65]

@AnnaHay1 @WAFLOfficial Tigers all the way

[James Walsh @JamesWalsh65]

@AnnaHay1 The A team!

[James Walsh @JamesWalsh65]

It’s been great fun pulling these together this year. See you in 2023!

[CCIWA @CCI_WA]

Thanks for following @CCI_WA's Economic Wrap series for 2022, with Principal Economist @JamesWalsh65.

Will WA’s economy finish the year on a high note?

Population growth is back, but where are people coming from?

And WA’s jobs market remains red hot!

More to come in 2023!

[James Walsh @JamesWalsh65]

The latest economic headlines in 60 seconds 👇

[CCIWA @CCI_WA]

In the penultimate Economic Wrap for 2022:
What happened to national retail sales?
What's the latest on inflation?
And global tech-sector layoffs.

All in 60s with @CCI_WA principal economist @JamesWalsh65.

For more economic insights, become a member: https://t.co/hhHUOV0vGy

[CCIWA @CCI_WA]

This Friday @CCI_WA Principal Economist @JamesWalsh65 provides a 60s economic wrap on:

US inflation - has it peaked? 📈
The latest jobs figures 👷‍♂️
And wages on the rise - but by how much? 💰

For more Economic Insight> https://t.co/Qeuov569i0

[James Walsh @JamesWalsh65]

Fantastic to be in the Goldfields for the annual @KBCCI_ What’s Down the Track conference. Even better to speak with local businesses about conditions on the ground - it is a region exploding with activity and with a very bright future.

[James Walsh @JamesWalsh65]

This fortnight’s economic wrap 👇

[CCIWA @CCI_WA]

What's the latest on inflation? 📈
The Reserve Bank cash rate decision? 🪙
How are interest rates affecting housing finance? 🏘️

All delivered in 60s by Principal Economist @JamesWalsh65 in this @CCI_WA Economic Wrap!

#cciwa #cciwaeconomicwrap

[James Walsh @JamesWalsh65]

Months of rate hikes and rising cost pressures have yet to take the heat out of WA household spending, with retail turnover rising 1.4% in September. The all-important 'retail volume' series - which strips out price effects - also edged up, hitting a new record high.

[Aaron Morey @AaronMorey]

The Federal budget has landed. Let's slice it up.

[CCIWA @CCI_WA]

In 60 seconds @JamesWalsh65 wraps the latest insights from @CCI_WA Business Confidence, the impact of rising operating costs on profitability, and signs that key drivers of inflation are stabilising

Become a @CCI_WA member for exclusive economic insights https://t.co/YOvQeY9ySU

[James Walsh @JamesWalsh65]

The IMF's latest WEO highlights accumulating risks to the global economy. While an overall decline in global GDP "is not currently in the baseline forecast", they expect around one-third of the global economy to be in a technical recession in 2022-23, as shown below.

[James Walsh @JamesWalsh65]

Last fortnight’s economic headlines in 60 seconds 👇

[CCIWA @CCI_WA]

In this week's 60s wrap, @CCI_WA @JamesWalsh65 highlights:

• The RBA cash rate decision
• Interest rate rises are slowing – why?
• US job openings are falling – will inflation follow suit?

Become a CCIWA member to access exclusive economic insights: https://t.co/ghHf5xSMUo

[James Walsh @JamesWalsh65]

The RBA slowed the pace of hikes to 0.25% earlier today, taking the cash rate to 2.6% - in line with CCIWA's view. Financial markets now anticipate a materially lower path for interest rates than only one week ago - as illustrated below.

[James Walsh @JamesWalsh65]

WA's unemployment rate edged down to 3.1% in August - the second lowest in the nation. Around 900 West Aussies found a job over the month, driven primarily by an increase in part-time work.

[James Walsh @JamesWalsh65]

Everything you need to know about the latest economic headlines in 60 seconds👇

[CCIWA @CCI_WA]

A fortnight of economic highlights in 60s w/
@CCI_WA @JamesWalsh65:

• WA’s national accounts – is the economy still growing?
• West Aussies are spending big, but on what?
• The impact of rising interest rates on WA households

Become a @CCI_WA for exclusive economic insights

[James Walsh @JamesWalsh65]

The household sector underpinned WA's economy in June, with the removal of COVID-19 measures and high savings stimulating spending on transport, clothing and recreation. The biggest drag was non-dwelling investment, reflecting the completion of existing projects

[James Walsh @JamesWalsh65]

Fresh data today showed growth in WA's domestic economy plateaued in the June quarter - up 0.1%. Despite the slowdown, we're still at a strong level of overall activity - well above pre-COVID levels (as shown below).

[James Walsh @JamesWalsh65]

The RBA has pulled the trigger on another 50bp rate hike, lifting the cash rate target to 2.35%. We estimate that an additional ~40,000 WA households will reduce their discretionary spending as a result of this decision.

[CCIWA @CCI_WA]

"WA's economy - particularly small & medium enterprises - are bearing higher costs of doing business and interest rates."

Speaking to @10NewsFirstPER, @9NewsPerth, & @abcnews about our Outlook report, @AaronMorey says our economy is well-placed to weather upcoming challenges.