Ivan Colhoun

Ivan Colhoun

“Ivan writes for NAB's daily and weekly economics and market reports, and regularly speaks with the media about the economy and financial market.”

Ivan Colhoun is Chief Economist, Markets for National Australia Bank. He joined NAB in November 2014 and is responsible for the Australian Economics function within the Global Markets Research team.

Ivan has had a long and varied career in Economics. He received a Bachelor of Economics with Honours from the University of Tasmania and commenced his career at the Reserve Bank of Australia.

He spent 15 years at Deutsche Bank finishing as Chief Economist for Australia and Head of Global Markets Research for Australia/NZ, before following his passion for aviation by joining Qantas as Chief Economist.

Most recently, Ivan was Chief Economist for Australia for ANZ Bank. He has also consulted to SEEK, Virgin Australia and IATA.


There are now less than two unemployed people for every job vacancy in Australia, a record low for this ratio.

The Federal Budget will continue phase 1 of the Government’s fiscal strategy which seeks to secure Australia’s economic recovery from COVID by growing the economy to lower unemployment.

This week we review the range of views within NAB’s research teams about the future of various conventional and unconventional monetary policy settings.

Some small short-term cost to growth due to shutdowns and border re-closures, but medium-term outlook remains brighter.

The Weekly provides an update on the China-Australia trade and the diplomatic dispute.

Traditionally the labour market has been a lagging indicator of activity. However, in this pandemic it is largely contemporaneous and is thus a good summary indicator of the wider economy as well as being timely given new data sets such as weekly payrolls and regular job ad updates by SEEK and Indeed.

Many of the smaller states’ economies are benefiting from both better virus numbers along with relatively smaller exposures to business services.

The Weekly looks at how the various Australian states have been performing.

This week, we thought it might be interesting to discuss the most common questions we are getting asked by businesses and investors on the outlook for the Australian economy.

The RBA’s central case of further progress in lowering both unemployment and inflation has been challenged by weak GDP growth and now weak underlying inflation.

The RBA sees no interest rate rise as likely this year but an increase possible at some stage next year.

In this Weekly, we take a closer look at the issues the RBA Board will face at its meeting tomorrow.

In today’s Weekly – our last for 2018 – we cover these developments as we wrap up 2018, and look forward to 2019.

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