Australia and New Zealand Outlook
Resilience and Challenges
The Australian and New Zealand economies have embraced endemic living, facilitating a strong post-pandemic recovery. But challenges remain.
Russia’s invasion of Ukraine complicates the global post-pandemic recovery by compounding already high inflation and complicating the path of central banks’ policy normalisation. Households will be increasingly challenged by higher borrowing costs against the backdrop of a cooling property market and increased living expenses including energy. Furthermore, exporters may be challenged by slower growth in China as well as in North America and Europe.
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SpeakersSteve Cochrane Chief APAC Economist Moody's Analytics
Katrina Ell Deputy APAC Chief Economist Moody's
Illiana Jain Associate Economist Moody's Analytics
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Steven G. Cochrane, PhD, is Chief APAC Economist with Moody’s. He leads the Asia economic analysis and forecasting activities of the Moody’s research team, as well as the continual expansion of the company’s international, national and subnational forecast models. In addition, Steve directs consulting projects for clients to help them understand the effect of regional economic developments on their business under baseline forecasts and alternative scenarios. Steve’s expertise lies in providing clear insights into an area’s or region’s strengths, weaknesses and comparative advantages, relative to macro or global economic trends.
A highly-regarded speaker, Dr. Cochrane has provided economic insights at hundreds of engagements over the past 20 years and has been featured on CNBC, CNA, Bloomberg TV, Wall Street Radio, and the PBS News Hour. Through his research and presentations, Steve dissects how various components of the macro and regional economies shape patterns of growth. His extensive expertise on U.S. and global economic issues makes also him a popular speaker at client conferences and executive briefings.
Steve holds a PhD from the University of Pennsylvania and is a Penn Institute for Urban Research Scholar. He also holds a master's degree from the University of Colorado at Denver and a bachelor's degree from the University of California at Davis.
Katrina Ell is a Head of Asia Economics in the Sydney office of Moody’s. Katrina manages the Asia-Pacific edition of Economy.com and is responsible for the research, analysis and forecasting of economies throughout the Asia-Pacific region, with a particular focus on Australia and New Zealand. Katrina is regularly quoted by international media such as CNBC, Bloomberg, the Wall Street Journal, Financial Times and Sky News. She previously worked as an analyst at the Australian Prudential Regulation Authority. Katrina received her bachelor’s degree in economics (honours) from Macquarie University and is currently completing her Masters in Applied Economics at Macquarie University.
Illiana Jain is an associate economist in the Sydney office of Moody’s Analytics. She is responsible for covering the New Zealand economy and contributes regularly to Economic View. Illiana previously worked at the National Australia Bank and the Australian Treasury. She received bachelor’s degrees in economics and biochemistry from the Australian National University.