SAUL ESLAKE

Economist

SAUL ESLAKE

‘Welcome to my website …
I’m an independent economist, speaker, company director
and Vice-Chancellor’s Fellow at the University of Tasmania’

About Me


I was born in England in 1958, while my parents (who were originally from Sydney) were living there. In 1966, they decided to return with their four children to Australia, ending up in Tasmania where my father worked for, and eventually ran, the School Dental Service.

I went to school in Smithton (in the far north-west of Tasmania) and Hobart, and subsequently gained a First Class Honours degree in Economics from the University of Tasmania which, despite being a small and seemingly remote institution, has a long tradition going back to the 1920s of outstanding teaching in economics.

I began my professional career in 1979 at the Australian Treasury in Canberra. After a brief return to Tasmania in the early 1980s, in 1983 I moved to Melbourne to work as an economic advisor to Jeff Kennett, who had just been elected as Leader of the Opposition in the Victorian State Parliament (and who was subsequently Premier of Victoria from 1992 until 1999).

In mid-1984 I secured my first position as an economist in the Australian financial markets, with an investment banking joint venture between the National Australia Bank and the Australian subsidiary of Chase Manhattan Bank. I became Chief Economist of McIntosh Securities, a stockbroking firm, in 1986; Chief Economist (International) at National Mutual Funds Management, the funds management arm of what was then Australia’s second-largest life insurance company, in 1991; and Chief Economist of the Australia & New Zealand Banking Group (ANZ), one of Australia’s four big commercial banks, in 1995.

I left ANZ in 2009 to join a then newly-established ‘think tank’, the Grattan Institute, in a part-time role as Director of its Productivity Growth Program, whilst also seeing if it was possible to earn a reasonable living as an independent economist, writing and speaking about a range of contemporary economic issues.

I returned to the financial markets towards the end of 2011 as Chief Economist (Australia & New Zealand) for Bank of America Merrill Lynch, one of the world’s largest investment banks. Having fulfilled a long-held ambition of returning to live in Tasmania at the end of 2014, six months later in June 2015 I resigned from my role with Bank of America Merrill Lynch in order to re-establish my own business, Corinna Economic Advisory Pty Ltd.

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In addition to running that business, since April 2016 I’ve had a part-time role as a Vice-Chancellor’s Fellow at the University of Tasmania.

Since June 2020 I’ve been an Associate of Llewellyn Consulting, a London-based independent economics advisory specializing in thought leadership, strategic research and analysis.

Since 2003 I’ve been a member of the International Conference of Commercial Bank Economists (ICCBE), a group of current and former chief economists of commercial banks which was originally established in 1937, and am currently serving as Chair of the ICCBE Steering Committee.

I am a member of the panel of expert advisors to Australia’s Parliamentary Budget Office, which provides independent and non-partisan analysis of the budget cycle, fiscal policy and the financial implications of proposals to members of Australia’s national Parliament; and a member of the independent expert panel advising the Australian Taxation Office on its ‘tax gap estimates‘. I’m a non-executive director of the Macquarie Point Development Corporation, a Tasmanian Government agency responsible for the redevelopment of a 9-hectare site adjoining the Hobart waterfront. I am also a member of the Advisory Board of Jamieson Coote Bonds, a funds management business based in Melbourne and specializing in government bonds. And I am Patron of Working It Out, Inc., Tasmania’s dedicated support, education and advocacy service for people of diverse gender, sex and sexuality.

In addition to my paid employment, at different times over the 15 years I’ve been a member of the Howard Government’s Foreign Affairs and Trade Policy Advisory Councils, the Rudd Government’s Long Term Tourism Strategy Steering Committee, the Tasmanian Government’s Digital Futures Advisory Council, and a steering Committee established by the Tasmanian Government to oversee the preparation of a business case for a Tasmanian team in the Australian Football League.

I was a non-executive director of Hydro Tasmania, the electricity-generating business owned by the Tasmanian State Government, from March 2008 through September 2018. I have also been Chair of the Tasmanian Arts Advisory Board (2005-11), a member of the Board of the Australian Business Arts Foundation (2010-12), a member of the previous Federal Government’s National Housing Supply Council (2008-2013), and a Director of the University of Tasmania Foundation (2002-09).

Personally, I’ve been married to Linda Arenella, who’s originally from New York and whom I met in Washington DC in 1988, and we have two children, Caroline and Jonathan, whom we’ve adopted from China.

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WEEKLY CHART PACK


Each weekend since mid-April I’ve been preparing, updating and distributing a weekly Coronavirus Impact Chart Pack to people in Australia and overseas. Running to over 100 pages it includes:

  • charts tracking the spread of Covid-19, globally and in Australia, and government responses to it;
  • the impact on the global economy and major individual economies such as China, Japan, other Asian economies, the US and Europe;
  • financial and commodities markets;
  • multiple aspects of the Australian economy, including state-level comparisons, and the policy responses of the Australian and state or territory governments, and the Reserve Bank of Australia; and
  • similar, though smaller coverage of the New Zealand economy.

The Coronavirus Impact Chart Pack will be updated every Saturday afternoon, Australian time, for as long as it remains topical. It will be accessible to subscribers of the Premium Access package.

If and when Covid-19 ceases to be front and centre of attention (as it is now) – whenever that might be – I will continue to prepare a Weekly Chart Pack, but with a focus on whatever replaces the virus as the issue du jour.

ECONOMIC IMPACT OF THE CORONAVIRUS PANDEMIC
21st November 2020


CORONAVIRUS IMPACT CHART PACK 2020-11-21

"I see a lot of chart packs in my line of work, but yours is about the best I have seen. It is amazingly comprehensive, covering far more of the world than any individual is entitled to cover, the charts are clear and easy to understand and they drill down into each topic in a very satisfying way. So well done, Saul."

Alan Kohler, ABC finance presenter, founder of Eureka Report


"A timely and comprehensive summary from one of Australia's best economists."

Adam Creighton, Economics Editor for The Australian


“I continue to find you thinking invaluable - this year to my ritual weekend reading of the economist I have happily added ‘Saul’s latest’.”

Rufus Black, former Managing Partner of McKinsey’s, and currently Vice-Chancellor of the University of Tasmania


“Your chart pack is amazing - and thanks for offering to add me to the mailing list, that would be great to be included. Everything you could want to know is there - and the way the data are organised and presented to tell the stories makes it so easy to follow.”

Prof Jeff Borland, Truby Williams Professor of Economics, The University of Melbourne, Website


“An excellent summary. Although I take a great interest in what’s happening with COVID-19 day by day In Australia and Internationally, I always find your weekly summary a very interesting review of the past week.”

retired former Chief Executive Officer of a District Hospital Service in New South Wales


WEEKLY CHART PACK

EVENTS

Saul Eslake online presentation


“You are the best economic thinker in the country hands down”

Sheryle Bagwell, recently retired Senior Business Correspondent (and sometime Executive Producer),
ABC Radio National Breakfast


"I see a lot of chart packs in my line of work, but yours is about the best I have seen. It is amazingly comprehensive, covering far more of the world than any individual is entitled to cover, the charts are clear and easy to understand and they drill down into each topic in a very satisfying way.
So well done, Saul."

Alan Kohler, ABC finance presenter, founder of Eureka Report


“I continue to find you thinking invaluable - this year to my ritual weekend reading of the economist I have happily added ‘Saul’s latest’.”

Rufus Black, former Managing Partner of McKinsey’s, and currently Vice-Chancellor of the University of Tasmania


“Your chart pack is amazing - and thanks for offering to add me to the mailing list, that would be great to be included. Everything you could want to know is there - and the way the data are organised and presented to tell the stories makes it so easy to follow.”

Prof Jeff Borland, Truby Williams Professor of Economics, The University of Melbourne, Website


“An excellent summary. Although I take a great interest in what’s happening with COVID-19 day by day In Australia and Internationally, I always find your weekly summary a very interesting review of the past week.”

retired former Chief Executive Officer of a District Hospital Service in New South Wales


“Just want to congratulate you Saul on the unbelievably good set of slides you just presented, possibly the best I have ever seen. You have set the bar very high.”

Dr Joe Flood, Adjunct Fellow, RMIT University, Pandemicia


“Thank you very much for your excellent presentation for the Economic Society today. It is always a great pleasure to hear your eloquent, up-to-date and comprehensive talks.”

Andrew Trembath, economist, Victorian and Australian Government agencies


online events @ saul-eslake.com


DEC

16th

2020 – End of the Year Presentation

6:00 pm AEDT
3:00 pm Hong Kong | 2:00 pm WIB | 8:00 am CET | 7:00 am London
Include access to Saul's presentation slides and video

FREE Registration


Request Speaking Engagement

WHAT'S NEW

Most Recent Articles, Talks and Presentations


Coronavirus Impact Chart Pack 2020-11-21

Chart Pack | 21st November 2020

The Economic Consequences of Misguided Localism
Australian Society and Politics, Economic Policies, Tasmania | 22nd November 2020

Why I changed my mind about compulsory super
Economic Policies | 11th September 2020

Media coverage of my report on replacements for the Spirits of Tasmania ferries
Australian Society and Politics, Economic Policies, News, Publications, Tasmania | 24th November 2020

Interview with Triple M-Hobart on ‘Choices and Consequences’
News, Publications, Tasmania | 24th November 2020

Interview with ABC The Drum about compulsory super contribution
Economic Policies, Publications | 23rd November 2020

Interview with Tasmania Talks on ‘Choices and Consequences’
News, Publications, Tasmania | 23rd November 2020

Interview with ABC Hobart on ‘Choices and Consequences’
News, Publications, Tasmania | 23rd November 2020

The Australian’s take on ‘Choices and Consequences’
News, Publications, Tasmania | 22nd November 2020

Article in the Launceston Examiner on ‘Choices and Consequences’
News, Publications, Tasmania | 22nd November 2020

The Hobart Mercury’s take on ‘Choices and Consequences’
News, Publications, Tasmania | 22nd November 2020

I changed my mind on increasing the compulsory superannuation contribution rate
Economic Policies, Publications | 22nd November 2020

Interview with ABC PM Radio on compulsory superannuation contribution
Economic Policies, Publications, Topics | 22nd November 2020

Tasmania’s Budget Papers are a long way from being “Best in Show”
Economic Policies, Tasmania | 19th November 2020

COMING UP

Up Coming Speaking Engagements


DEC

7th

State of the Nation

Presentation to the Governance Institute of Australia Virtual National Conference 2020

8:55 am

VIDEO

Recent Presentations


The Impact of Covid-19 series

These videos are available to audience of Saul’s presentations as soon as they are uploaded and will be available to public one month after the presentation date.

See more


TESTIMONIALS

What Others Say


“You are one of the best at what you do in the world”
Gail Fosler, Chief Economist, The Conference Board, New York, December 2002

“I have never known an economist to have such a knowledge of world economic facts and to be able to bring to bear so much information in answering a question without notice”
Charles Goode, Chairman, ANZ Bank, July 2009

“Saul Eslake is … a highly regarded independent economist with the highest degree of integrity"
John Durie, Columnist, The Australian, July 2009

“… one of the few people in this world who can have so many oranges up in the air at the same time but still manage to catch them"
Andrew Clark, journalist, Australian Financial Review, November 2008

Read more

LINKS

Useful Links