Stephen Koukoulas

 Few economists have both the global and local experience of Stephen Koukoulas. He is an economic thought leader in his role with his business, Market Economics. Stephen often driving the debate on housing, consumer spending, investment strategies, interest rates and budget policy. He does this by drawing on his unique background including his experience heading global research for TD in London, being Chief Economist of Citibank and a Senior Economic Advisor to the Australian Prime Minister.

When it comes to the economy, Stephen continues to cover most of the big issues.

Stephen is the go-to economist for many businesses, investors, fund managers and the media. His views and analysis are presented without fear or favour which is why he is such a sought after speaker.

As a speaker Stephen has been called upon to discuss the economy with audiences as diverse as the corporate world to school students - an affirmation of his ability to turn complex economic analysis into terms mere mortals can understand.

Speaking topics

The Housing Market

Housing - what is more important and topical for Australian consumers, investors and policy makers alike? House prices have gone through a roller-coaster ride in the last few years. Rising through the pandemic, falling with the start interest rate hikes and now rising despite these higher rates.


Immigration is booming as the borders have reopened and there is a shortage of dwellings from low construction levels. New listing of established dwellings is an important determinant of house prices – what are the latest data showing?

Supply weak / demand strong equals rising prices. Economics 101 works!

In this fast-paced & compelling keynote presentation, audiences discover:

  • House prices across cities and regions – there is some intriguing data on supply and demand and what that will mean for differences in prices from city to city
  • Interest rates do not have a lasting effect. Hear why this is the case.
  • Household debt remains high – how much more can Australian homeowners take on?
  • Investors - what about rents?
  • Why it is always a good time to buy a house to live in!

Stephen’s Influencers

Economics and social commentary that makes Australia a great place to be

Economics matters. Understanding where the economy is and where it is going will drive profits, investment decisions, employment opportunities and drive the conversation around social impact.

This is why the weekly run of economic news is so important. Keeping up to date with these trends, what they mean for interest rates, the Australian dollar and financial markets is the key to staying ahead of the pack. It is also where policy issues are so important. And this is not just interest rates, but what the government does on tax, spending and changes to rules and regulations.

And of course, the critical thing is what to do about this news, and how it might impact your business, your clients and your personal finances.

There are numerous influencers in the economy including inflation, superannuation, housing, the labour market and wages, the retail sector, federal budget, gender inequality, interest rates, and unemployment.

As an Independent Economist and Social Commentator, Stephen can deliver a keynote, drive a panel discussion or become your Economist in Residence to deliver regular economic updates and commentary that affect you.

The Consumer and Retail Spending

Household spending accounts for over half of the economy – it is an important driver of whether times are good or bad. We consumers spent up big during COVID-19 but are now scaling back our spending. What does this mean for the economic bottom-line?

What is the outlook for what we buy, how we spend our money and how much we are likely to spend?

Consumers are being pushed and pulled - limiting new spending because of the pressures caused by the rising cost of living, and rising mortgage interest payments, but are benefitting from rising wealth on the back of rising house prices and the lift in the stock market.

In this high-energy & compelling keynote presentation, audiences discover:

  • Retail spending is slowing – consumers are holding back their spending
  • Consumer sentiment is being impacted by cost of living, interest costs and a rise in job insecurity
  • How weak will retail spending be and for how long?
  • What is needed to see a turnaround?
  • How should retailers react to what could be an erratic year ahead for spending?

The Labour Market

The post-COVID-19 era has seen the labour market in Australia transformed. Immigration has fallen to near zero which means local firms are increasingly relying on local workers.

This had led to skills shortages in some areas, that will only be addressed if higher wages are paid.

Female workforce participation has increased as the economy has recovered from the COVID-19 recession.

Amid all of these changes, wages growth remains weak – near record lows.

An issue to watch for is that for the first time in a decade, rising wages costs, as firms compete for workers. There is tentative evidence of this in some sectors.

What does this mean for you, your business and your employees and the economy in general?

Get the latest update and data from Stephen at your next meeting, event or conference.


Stephen is a great presenter who stayed politically neutral and focused on the audience. He delivered a presentation on the current state of the economy making it consumable. He was fine with curly questions and had great audience engagement. Stephen was so easy to work with. We are looking to engage him again next year.
Forhham Business Advisors

Stephen was very well received. Many found it very helpful to hear Stephen explain a difficult topic in a way they could understand.
Hunter Douglas Australia

The response was very positive. Stephen was able to communicate what is quite technical, to [become] an engaging and informative discussion.
Learning & Development Manager, Strata Community Association

Not only is Stephen a truly remarkable speaker to work with, he captivates a room with his presence, especially on a topic that can be quite dry, he has the audience wanting more. The attendees loved him!
Events Executive – UDIA QLD

Stephen presented on what can be very technical, dry themes in a highly engaging manner that resonated with a broad audience. A number of our attendees said it was the best presentation they had seen from an Economist on the current market.
Amy Watson - Grant Thornton

Stephen was a hit again and the attendees seemed to really appreciate his information sharing and wealth of knowledge. The way Stephen communicates with the audience using humour is really well received!
Rockwell Automation

One of the most articulate economists in Australia.
Alan Kohler, Author and ABC TV journalist

One of Australia's most influential economists.
The Australian Financial Review

The Prime Minister's Office has placed a premium on economic and policy advice recruiting high-profile market economist, Stephen Koukoulas.
The Australian Financial Review.

I've only heard great things about your presentation at the breakfast – so thank you. Clients and staff all raved about you – how engaging, thought-provoking and entertaining you were. You made the content come alive.
Head of communication – Randstad

The feedback from the participants has been fantastic.  You really make a serious subject interesting and engaging!
HR, Wesfarmers Insurance

Stephen has a way of making economics fun and relevant – 10/10

As I go around and speak to the economists, I can't help but be drawn to Mr Koukoulas, who is well known to those on the other side of the House
Treasurer of Australia, Liberal Party of Australia

Stephen Koukoulas speaker

Speaker Video

Stephen Koukoulas - Speaker Showreel

Stephen Koukoulas - Speaker Showreel

China and the Economy

China and the Economy

RBA rates cut too late

RBA rates cut too late

No Recession says Koukoulas

No Recession says Koukoulas

Skynews - Mining tax under the microscope

Skynews - Mining tax under the microscope

The Kouk - Think Global, Act Local

The Kouk - Think Global, Act Local

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