Alan joined the Bank in 1992 from the Federal Treasury where he worked for 15 years – his special field being economic forecasting and monetary policy. He graduated (with first class honours) in economics from Newcastle University. He also holds a Masters degree in economics from the Australian National University.
Immediately before joining the Bank, Alan was the Senior Adviser in Treasury responsible for economic forecasting and modelling. In 1987 he was seconded for nearly four years as Counsellor-Economic and Financial with Australia’s delegation to the Organisation for Economic Co-operation and Development in Paris.
As Group Chief Economist, Alan is responsible for NAB’s global economic and financial forecasts. He is also a highly respected and much quoted commentator on Australian and global economic trends and policy issues.
Federal Budget 2023 delivered a $4.2bn surplus, and focused heavily on relief – targeting energy bills and the cost of healthcare in a big way.
Augmented Yield Curves in the US and Australia – what do they tell us about the growth outlook for Australia and the US?
We discuss the future of health and why failure to innovate nowadays isn’t an option.
We shine a light on the ongoing innovation efforts of Australian business.
Australia’s GDP continues to grow in spite of subdued wages growth and consumer spending. Gaining a greater understanding of how these contradictory trends break down across regional and metropolitan areas, as well as consumer spending categories, is behind NAB’s expansion of its Consumer Spending and Cashless Retail analyses.
In this video Alan Oster talks about Australia’s “Sharing Economy”.
In this video, Group Chief Economist, Alan Oster discusses insights from the latest NAB Monthly Business Survey.
In this video, Group Chief Economist, Alan Oster discusses insights from the latest NAB Quarterly SME Survey.
The falls in global oil prices over the last year or so are fundamentally a reaction to oversupply in global markets – as US new oil supply comes on board, OPEC puts the squeeze on profitability of new sources of supply by refusing to cut production.
In this video Alan Oster discusses the opportunities for SMEs in 2016.
Alan Oster talks to the reasons behind his optimistic economic outlook for Australia in 2016 including the benefits in the investment in the mining sector and consumer confidence.
Alan Oster talks to the economic outlook for Australia and whether we are heading for a recession.
Many Australians dream of a financial windfall that would significantly improve their lives forever, but how much is enough? In this special report, we ask over 2,000 Australians to tell us how much they need.
There have been some volatile shifts in the global economy recently, prompting pessimists to declare that there’s a 50–50 chance of Australia going into recession. However, a closer look at the numbers behind the forecasts shows there’s plenty of reason for optimism.
Australian's are feeling less anxious underpinned by lower stress associated with retirement funding, cost of living, job security and health. And for the first time, NAB’s Consumer Anxiety report sheds light on spending behaviours across states.
Alan Oster discusses the impact the budget will have on consumer sentiment and business confidence, benefits for Small Business and key Agribusiness outcomes.
NAB Group Chief Economist Alan Oster provides a comprehensive analysis of the 2015 Federal Budget. The report outlines the key budget measures and explains the economic and fiscal outlook as a result of last night’s announcement.
Alan Oster, Group Chief Economist NAB, provides a summary of the impact the budget will have on everyday Australians, business confidence and what he believes it will do for the Australian economy.
NAB Group Chief Economist, Alan Oster previews the Federal Budget 2015
Big business in Australia is losing confidence, affecting medium-term growth and capital expenditure plans. Overall confidence among larger firms has now fallen below its long-term average and is weaker than for smaller companies and the broader economy.
Nearly half of Australians are undecided on whether they will have to sell the family home to fund their retirement, the latest MLC Wealth Sentiment Survey has found. The quarterly survey has found 11% of Australians already plan to sell the family home to fund their retirement…
Taking a career break to raise kids has been identified as the most significant barrier to having sufficient retirement savings and majority of survey participants (68%) have given little consideration to a major future financial setback, according to the latest survey findings.
While China remains our biggest trading partner, other emerging Asian nations – including ASEAN, Hong Kong, South Korea and Taiwan – are critical sources of imports and exports for Aussie SMEs. Understanding these regional economies and their distinct differences is critical.
NAB Group Chief Economist Alan Oster outlines the key features of Joe Hockey’s 2014 Federal Budget announcement and analyses how it may impact Australia’s economic outlook and financial markets.
NAB’s Group Chief Economist Alan Oster provides his overall summary of Joe Hockey’s 2014 Federal Budget, including his initial thoughts, how it could impact small and large business, and the wider economic implications for the Australian economy.
Alan Oster, NAB’s Group Chief Economist provides his initial thoughts on the 2014 Federal Budget announcement.
In a break with tradition, young people are taking a more active interest in their superannuation with the 30-49 year old group being the most concerned about planning for retirement, according to the latest quarterly MLC Wealth Sentiment Survey.
Almost one third (31.7%) of Australians expect a large financial shortfall at retirement with a further 25% expecting a shortfall to some extent, according to a special report: MLC Retirement Survey.
As many SMEs might be a million miles away from the mining and resources sector, it’s easy to think it’s all completely irrelevant. That’s not the case. It’s important that you're aware of the general direction of the industry because it can affect your own business.
Economic data can be baffling. Bombarded with numbers, headlines, warnings and opinions from all directions, it can be hard to know just what to focus on. So what do you really need to know? And what does it all mean? We explain.
“What a difference a year makes”. NAB’s Group Chief Economist Alan Oster gives his detailed summary of this year’s Federal Budget. Who benefits from the Government’s proposed spending and who doesn’t, and what does it mean for the Australian Economy?
This year’s budget contains a number of negatives for the resources sector. NAB’s Group Chief Economist, Alan Oster, looks at where the government has targeted it’s efforts including impacts to exploration and many mining and energy programs.
NAB’s Group Chief Economist, Alan Oster, looks at the key reforms impacting Big business. The Federal Budget focuses on a crackdown on profit shifting, banning of dividend washing, reducing thin capitalisation safe harbour, removal of R&D and exploration incentives.
With Infrastructure spending being a key component of the 2013 Federal Budget, our Group Chief Economist, Alan Oster takes a deeper look at the key initiates and what they mean.
Agribusiness has emerged as a net beneficiary of the budget, with the diesel fuel tax rebate – speculated as an area of possible cut prior to the release – remaining intact. That said, the overall gains are rather modest.
Following the 2013 Federal Budget announcement, Alan Oster, NAB’s Group Chief Economist, provides a quick overview of what he sees as the outcomes and impacts to individuals and businesses. Watch his video now.
NAB’s Chief Economist, Alan Oster provides a pre-budget overview of the Australian housing market and the outlook for interest rates. Join us on Wednesday 15 May for a full budget breakdown.
NAB’s Chief Economist, Alan Oster provides a pre-budget overview of the Australian economy focussing on what we’ve already seen from the Government and commentary on the deficit. Join us on Wednesday 15 May for a full budget breakdown.
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