Economics Market Update with Mike Smith and Alex Joiner
We are excited to invite you to a special bonus online mastermind session featuring Mike Smith, Group Chair, and fellow peer member, Alex Joiner, Chief Economist at IFM Investors.
This session will provide valuable insights into the current macroeconomic trends and analysis, particularly in light of Australia’s potential entry into a technical recession and the challenges faced by Executives in managing through a high inflationary and contracting market.
Given the recent decision by the Reserve Bank of Australia (RBA) to again increase the cash rate on June 6th, it becomes even more critical for businesses and industries to understand the implications and potential opportunities arising from these economic shifts and trends.
In this online session, Alex Joiner will share the latest statistics, offering in-depth analysis and shedding light on the direction of these trends. Here’s what you can expect from this exclusive mastermind session:
- Expert Analysis of Macroeconomic Trends: Alex Joiner, renowned Chief Economist of IFM Investors, armed with the latest data, will delve into the macroeconomic trends currently shaping Australia’s economic landscape. Gain a deep understanding of the challenges and opportunities that lie ahead for businesses in managing through high inflation and a contracting market.
- Navigating Potential Recession: Discover insights and strategies to navigate the potential of a technical recession in Australia. Understand the indicators, potential impacts, and ways to mitigate risks, ensuring that your organisation is well-prepared and resilient in the face of economic uncertainty.
- Leadership in High Inflationary and Contracting Markets: Explore the unique challenges faced by Executives in managing through a high inflationary and contracting market. Gain valuable insights into effective leadership strategies, decision-making approaches, and innovative techniques to drive growth and success in a changing economic environment.
- Interactive Q&A Session: Engage directly with Mike Smith and Alex Joiner during the session, allowing you to ask pressing questions and seek alternate perspectives. Benefit from the extensive experience and the collective wisdom of your fellow peer group members as you navigate the economic landscape and make informed business plans and decisions.
Event Resources
Live Online Summary: The Mentor List with Alex Joiner & Mike Smith
Key issues discussed include global and Australian economies, inflation, central banking, productivity, and the impacts of AI and technology.
- Economists argue that the globalization’s benefits have decreased since 2012, leading to supply chain and trade disruptions.
- Investment in foreign countries should consider political risk and stability, with hesitation expressed towards investing in China due to regulatory and political challenges.
- The US is seen as a melting pot for tech talent, and central to innovative enterprises, while the likes of Israel, Europe, and Australia are emerging as tech hubs.
- Australia’s economic growth is heavily reliant on population flows and immigration. A slowdown could lead to a recession.
- Productivity in Australia has been declining for a decade, and improvement is hindered by a lack of political will for productivity-enhancing reforms.
- Australia seeks to diversify its export base beyond China, focusing on new markets like India and Europe.
- Economists agree on the potential for goods deflation due to unwinding supply chain constraints and decreasing import costs.
- It’s suggested that AI has transformative potential in certain sectors, and can significantly contribute to predictive analysis.
- There is an emphasis on the importance of education and skills to drive productivity growth, and the need to retain skilled professionals after training, rather than losing them to immigration.
Overall, the Live Online Session reveals a consensus on the need for diversified policy tools and improvements in productivity to sustain economic growth. There is also evident concern regarding Australia’s aging demographic, and the consequences for labour market dynamics and public spending.
Meet the Speaker
Appointed in 2016, Alex Joiner is Chief Economist at IFM Investors. He is responsible for the firm’s economic, financial market and geopolitical risk analysis that is key in IFM’s investment process. In this capacity he engages with IFM’s domestic and global clients on macro-investment trends and themes. He is a frequent commentator on economic and markets via traditional and social media and regularly speaks at public forums and conferences. He has over two decades of professional experience in economic and markets and prior to joining IFM was the Chief Economist at Bank of America Merrill Lynch (Australian & New Zealand) after being a senior economist at ANZ Bank. He holds a First Class honours degree in Economics and a PhD in Econometrics from Monash University. Alex is also committee member of the Australian Business Economists.
