PODCAST: Shane Oliver on why he decided the RBA would need to cut, and the troubling global outlook

(L-R): Paul Colgan, AMP Capital’s Shane Oliver, and Business Insider’s David Scutt.

A lot changed over the summer break.

In the first episode of Devils and Details for 2019, we’re joined on the show by AMP Capital’s chief economist and head of investment strategy Shane Oliver, who late last year was the first economist at a major institution to start forecasting RBA rate cuts.

Since then others have started to talk about potential cuts or at least say any rate increases are likely to come much later than they previously forecast.

We start by talking to Oliver about what exactly it was that led him to conclude the RBA would need to cut, bearing in mind that the central bank late last year was still saying that the next move in rates was likely to be up — a position that officially changed only last week.

Naturally we look at the state of the Australian property market, and then also the deteriorating conditions in various parts of the world, especially in Europe, where Italy has now entered a recession and Germany is teetering on the brink.

You can find the show on iTunes or by searching Devils and Details wherever you get your podcasts (including Spotify). It’s online here, or you can tune in below.

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.