- Westpac IQ
- Authors
- Sian Fenner
Sian Fenner

Sian joined Westpac as Head of Business and Industry Economics after relocating to Sydney from Singapore. She is responsible for providing important insights for business and industry across Australia. She is the author of Westpac’s Quarterly Business Snapshot, regarded as necessary reading for businesses. She was previously Head of International Economics at the Monetary Authority of Singapore from 2022 to 2024 responsible for the global economic forecasts and scenarios as well as the banks stress tests. Prior to that, Sian was Director and Lead Economics at Oxford Economics specialising in macroeconomic analysis of the APAC region and providing essential bespoke research for industries and companies. She has held several other positions in banks in London and the Australian Federal Treasury spanning over a two-decade career in economic research and forecasting.
Stay informed with Westpac IQ
Get the latest reports straight to your inbox.
Latest articles
Australia and NZ Weekly 24 March 2025
March 21 2025
•
10 mins
10 mins
By
Luci Ellis
,
Matthew Hassan
,
Elliot Clarke
&
,
Justin Smirk
,
Ryan Wells
,
Illiana Jain
,
Kelly Eckhold
,
Satish Ranchhod
,
Darren Gibbs
,
Michael Gordon
,
Mantas Vanagas
&
Neha Sharma
Westpac Coast-to-Coast March 2025
March 21 2025
•
10 mins
10 mins
By
Matthew Hassan
,
Ryan Wells
&
Neha Sharma
When it all unravels
March 21 2025
•
4 mins
4 mins
By
Luci Ellis
20
{"topicSelector":[{"tagId":"westpaciq:topics/aud","name":"aud","description":"","title":"AUD","url":"/topic.aud"},{"tagId":"westpaciq:topics/australia","name":"australia","description":"","title":"Australia","url":"/topic.australia"},{"tagId":"westpaciq:topics/interestrates","name":"interestrates","description":"","title":"Interest rates","url":"/topic.interestrates"},{"tagId":"westpaciq:topics/usd","name":"usd","description":"","title":"USD","url":"/topic.usd"},{"tagId":"westpaciq:topics/newzealand","name":"newzealand","description":"","title":"New Zealand","url":"/topic.newzealand"},{"tagId":"westpaciq:topics/nzd","name":"nzd","description":"","title":"NZD","url":"/topic.nzd"},{"tagId":"westpaciq:topics/rates","name":"rates","description":"","title":"Rates","url":"/topic.rates"},{"tagId":"westpaciq:topics/rba","name":"rba","description":"","title":"RBA","url":"/topic.rba"},{"tagId":"westpaciq:topics/inflation","name":"inflation","description":"","title":"Inflation","url":"/topic.inflation"},{"tagId":"westpaciq:topics/credit","name":"credit","description":"","title":"Credit","url":"/topic.credit"},{"tagId":"westpaciq:topics/acgb","name":"acgb","description":"","title":"ACGB","url":"/topic.acgb"},{"tagId":"westpaciq:topics/commodities","name":"commodities","description":"","title":"Commodities","url":"/topic.commodities"},{"tagId":"westpaciq:topics/us","name":"us","description":"","title":"US","url":"/topic.us"},{"tagId":"westpaciq:topics/forecasts","name":"forecasts","description":"","title":"Forecasts","url":"/topic.forecasts"},{"tagId":"westpaciq:topics/yieldcurve","name":"yieldcurve","description":"","title":"Yield curve","url":"/topic.yieldcurve"},{"tagId":"westpaciq:topics/ustreasury","name":"ustreasury","description":"","title":"US Treasury UST","url":"/topic.ustreasury"},{"tagId":"westpaciq:topics/europe","name":"europe","description":"","title":"Europe","url":"/topic.europe"},{"tagId":"westpaciq:topics/rbnz","name":"rbnz","description":"","title":"RBNZ","url":"/topic.rbnz"},{"tagId":"westpaciq:topics/jpy","name":"jpy","title":"JPY","url":"/topic.jpy"},{"tagId":"westpaciq:topics/basis","name":"basis","description":"","title":"Basis","url":"/topic.basis"},{"tagId":"westpaciq:topics/abs","name":"abs","description":"","title":"ABS","url":"/topic.abs"},{"tagId":"westpaciq:topics/fx","name":"fx","description":"","title":"FX","url":"/topic.fx"},{"tagId":"westpaciq:topics/semigovernment","name":"semigovernment","description":"","title":"Semi government","url":"/topic.semigovernment"},{"tagId":"westpaciq:topics/uk","name":"uk","description":"","title":"UK","url":"/topic.uk"},{"tagId":"westpaciq:topics/fomc","name":"fomc","description":"","title":"Federal Reserve FOMC","url":"/topic.fomc"},{"tagId":"westpaciq:topics/ois","name":"ois","description":"","title":"OIS","url":"/topic.ois"},{"tagId":"westpaciq:topics/eur","name":"eur","description":"","title":"EUR","url":"/topic.eur"},{"tagId":"westpaciq:topics/whatspricedin","name":"whatspricedin","description":"","title":"What\u0027s priced in","url":"/topic.whatspricedin"},{"tagId":"westpaciq:topics/nz","name":"nz","description":"","title":"NZ","url":"/topic.nz"},{"tagId":"westpaciq:topics/housing","name":"housing","description":"","title":"Housing","url":"/topic.housing"},{"tagId":"westpaciq:topics/podcast","name":"podcast","description":"","title":"Podcast","url":"/topic.podcast"},{"tagId":"westpaciq:topics/gbp","name":"gbp","description":"","title":"GBP","url":"/topic.gbp"},{"tagId":"westpaciq:topics/china","name":"china","description":"","title":"China","url":"/topic.china"},{"tagId":"westpaciq:topics/macro","name":"macro","description":"","title":"Macro","url":"/topic.macro"},{"tagId":"westpaciq:topics/bonds","name":"bonds","description":"","title":"Bonds","url":"/topic.bonds"},{"tagId":"westpaciq:topics/consumer","name":"consumer","description":"","title":"Consumer","url":"/topic.consumer"},{"tagId":"westpaciq:topics/crossmarket","name":"crossmarket","description":"","title":"Cross market","url":"/topic.crossmarket"},{"tagId":"westpaciq:topics/crosscurrencyxccy","name":"crosscurrencyxccy","description":"","title":"Cross currency XCCY","url":"/topic.crosscurrencyxccy"},{"tagId":"westpaciq:topics/bbsw","name":"bbsw","description":"","title":"BBSW","url":"/topic.bbsw"},{"tagId":"westpaciq:topics/ecb","name":"ecb","description":"","title":"European central bank ECB","url":"/topic.ecb"},{"tagId":"westpaciq:topics/retail","name":"retail","description":"","title":"Retail","url":"/topic.retail"},{"tagId":"westpaciq:topics/morningreport","name":"morningreport","description":"","title":"Morning Report","url":"/topic.morningreport"},{"tagId":"westpaciq:topics/employment","name":"employment","description":"","title":"Employment","url":"/topic.employment"},{"tagId":"westpaciq:topics/chartpacks","name":"chartpacks","description":"","title":"Chart packs","url":"/topic.chartpacks"},{"tagId":"westpaciq:topics/ironore","name":"ironore","description":"","title":"Iron ore","url":"/topic.ironore"},{"tagId":"westpaciq:topics/consumersentiment","name":"consumersentiment","description":"","title":"Consumer Sentiment","url":"/topic.consumersentiment"},{"tagId":"westpaciq:topics/currencies","name":"currencies","description":"","title":"Currencies","url":"/topic.currencies"},{"tagId":"westpaciq:topics/labour","name":"labour","description":"","title":"Labour","url":"/topic.labour"},{"tagId":"westpaciq:topics/cliffnotes","name":"cliffnotes","description":"","title":"Cliff notes","url":"/topic.cliffnotes"},{"tagId":"westpaciq:topics/gdp","name":"gdp","description":"","title":"GDP","url":"/topic.gdp"},{"tagId":"westpaciq:topics/houseprices","name":"houseprices","description":"","title":"House prices","url":"/topic.houseprices"},{"tagId":"westpaciq:topics/construction","name":"construction","description":"","title":"Construction","url":"/topic.construction"},{"tagId":"westpaciq:topics/boj","name":"boj","description":"","title":"BOJ","url":"/topic.boj"},{"tagId":"westpaciq:topics/westpacwrap","name":"westpacwrap","description":"","title":"Westpac Wrap","url":"/topic.westpacwrap"},{"tagId":"westpaciq:topics/businessconditions","name":"businessconditions","description":"","title":"Business conditions","url":"/topic.businessconditions"},{"tagId":"westpaciq:topics/japan","name":"japan","description":"","title":"Japan","url":"/topic.japan"},{"tagId":"westpaciq:topics/securitisation","name":"securitisation","description":"","title":"Securitisation","url":"/topic.securitisation"},{"tagId":"westpaciq:topics/cmbs","name":"cmbs","description":"","title":"CMBS","url":"/topic.cmbs"},{"tagId":"westpaciq:topics/rmbs","name":"rmbs","description":"","title":"RMBS","url":"/topic.rmbs"},{"tagId":"westpaciq:topics/canada","name":"canada","description":"","title":"Canada","url":"/topic.canada"},{"tagId":"westpaciq:topics/wages","name":"wages","description":"","title":"Wages","url":"/topic.wages"},{"tagId":"westpaciq:topics/property","name":"property","description":"","title":"Property","url":"/topic.property"},{"tagId":"westpaciq:topics/trade","name":"trade","description":"","title":"Trade","url":"/topic.trade"},{"tagId":"westpaciq:topics/cny","name":"cny","description":"","title":"CNY","url":"/topic.cny"},{"tagId":"westpaciq:topics/oil","name":"oil","title":"Oil","url":"/topic.oil"},{"tagId":"westpaciq:topics/cardtracker","name":"cardtracker","description":"","title":"Card Tracker","url":"/topic.cardtracker"},{"tagId":"westpaciq:topics/dairy","name":"dairy","description":"","title":"Dairy","url":"/topic.dairy"},{"tagId":"westpaciq:topics/boe","name":"boe","description":"","title":"BOE","url":"/topic.boe"},{"tagId":"westpaciq:topics/cad","name":"cad","description":"","title":"CAD","url":"/topic.cad"},{"tagId":"westpaciq:topics/fiscalpolicy","name":"fiscalpolicy","description":"","title":"Fiscal policy","url":"/topic.fiscalpolicy"},{"tagId":"westpaciq:topics/agriculture","name":"agriculture","description":"","title":"Agriculture","url":"/topic.agriculture"},{"tagId":"westpaciq:topics/asia","name":"asia","description":"","title":"Asia","url":"/topic.asia"},{"tagId":"westpaciq:topics/confidence","name":"confidence","description":"","title":"Confidence","url":"/topic.confidence"},{"tagId":"westpaciq:topics/pboc","name":"pboc","description":"","title":"PBOC","url":"/topic.pboc"},{"tagId":"westpaciq:topics/marketoutlook","name":"marketoutlook","description":"","title":"Market Outlook","url":"/topic.marketoutlook"},{"tagId":"westpaciq:topics/coal","name":"coal","description":"","title":"Coal","url":"/topic.coal"},{"tagId":"westpaciq:topics/billevans","name":"billevans","description":"","title":"Bill Evans","url":"/topic.billevans"},{"tagId":"westpaciq:topics/federalbudget","name":"federalbudget","description":"","title":"Federal Budget","url":"/topic.federalbudget"},{"tagId":"westpaciq:topics/dwellingapprovals","name":"dwellingapprovals","description":"","title":"Dwelling approvals","url":"/topic.dwellingapprovals"},{"tagId":"westpaciq:topics/data","name":"data","description":"","title":"Data","url":"/topic.data"},{"tagId":"westpaciq:topics/lng","name":"lng","description":"","title":"LNG","url":"/topic.lng"},{"tagId":"westpaciq:topics/leadingindex","name":"leadingindex","description":"","title":"Leading Index","url":"/topic.leadingindex"},{"tagId":"westpaciq:topics/economiccalendar","name":"economiccalendar","description":"","title":"Economic Calendar","url":"/topic.economiccalendar"},{"tagId":"westpaciq:topics/population","name":"population","description":"","title":"Population","url":"/topic.population"},{"tagId":"westpaciq:topics/nsw","name":"nsw","description":"","title":"NSW","url":"/topic.nsw"},{"tagId":"westpaciq:topics/esg","name":"esg","description":"","title":"ESG","url":"/topic.esg"},{"tagId":"westpaciq:topics/fairvalue","name":"fairvalue","description":"","title":"Fair value","url":"/topic.fairvalue"},{"tagId":"westpaciq:topics/model","name":"model","description":"","title":"Model","url":"/topic.model"},{"tagId":"westpaciq:topics/energy","name":"energy","description":"","title":"Energy","url":"/topic.energy"},{"tagId":"westpaciq:topics/carbonpricing","name":"carbonpricing","description":"","title":"Carbon pricing","url":"/topic.carbonpricing"},{"tagId":"westpaciq:topics/metals","name":"metals","description":"","title":"Metals","url":"/topic.metals"},{"tagId":"westpaciq:topics/qld","name":"qld","description":"","title":"QLD","url":"/topic.qld"},{"tagId":"westpaciq:topics/vic","name":"vic","description":"","title":"VIC","url":"/topic.vic"},{"tagId":"westpaciq:topics/steel","name":"steel","description":"","title":"Steel","url":"/topic.steel"},{"tagId":"westpaciq:topics/sa","name":"sa","description":"","title":"SA","url":"/topic.sa"},{"tagId":"westpaciq:topics/antipodeandaily","name":"antipodeandaily","description":"","title":"Antipodean Daily","url":"/topic.antipodeandaily"},{"tagId":"westpaciq:topics/government","name":"government","description":"","title":"Government","url":"/topic.government"},{"tagId":"westpaciq:topics/G10","name":"G10","description":"","title":"G10","url":"/topic.G10"},{"tagId":"westpaciq:topics/wa","name":"wa","description":"","title":"WA","url":"/topic.wa"},{"tagId":"westpaciq:topics/manufacturing","name":"manufacturing","description":"","title":"Manufacturing","url":"/topic.manufacturing"},{"tagId":"westpaciq:topics/tas","name":"tas","description":"","title":"TAS","url":"/topic.tas"},{"tagId":"westpaciq:topics/pacific","name":"pacific","description":"","title":"Pacific","url":"/topic.pacific"},{"tagId":"westpaciq:topics/ssa","name":"ssa","description":"","title":"SSA","url":"/topic.ssa"},{"tagId":"westpaciq:topics/png","name":"png","description":"Papua New Guinea","title":"PNG","url":"/topic.png"},{"tagId":"westpaciq:topics/datax","name":"datax","description":"","title":"DataX","url":"/topic.datax"},{"tagId":"westpaciq:topics/nzconsumerconfidence","name":"nzconsumerconfidence","description":"","title":"NZ consumer confidence","url":"/topic.nzconsumerconfidence"},{"tagId":"westpaciq:topics/aluminium","name":"aluminium","description":"","title":"Aluminium","url":"/topic.aluminium"},{"tagId":"westpaciq:topics/gold","name":"gold","description":"","title":"Gold","url":"/topic.gold"},{"tagId":"westpaciq:topics/redbook","name":"redbook","description":"","title":"Red Book","url":"/topic.redbook"},{"tagId":"westpaciq:topics/luciellis","name":"luciellis","description":"","title":"Luci Ellis","url":"/topic.luciellis"},{"tagId":"westpaciq:topics/tax","name":"tax","description":"","title":"Tax","url":"/topic.tax"},{"tagId":"westpaciq:topics/mining","name":"mining","description":"","title":"Mining","url":"/topic.mining"},{"tagId":"westpaciq:topics/election","name":"election","description":"","title":"Election","url":"/topic.election"},{"tagId":"westpaciq:topics/financeam","name":"financeam","description":"","title":"Finance AM","url":"/topic.financeam"},{"tagId":"westpaciq:topics/nt","name":"nt","description":"","title":"NT","url":"/topic.nt"},{"tagId":"westpaciq:topics/payments","name":"payments","description":"","title":"Payments","url":"/topic.payments"},{"tagId":"westpaciq:topics/tourism","name":"tourism","description":"","title":"Tourism","url":"/topic.tourism"},{"tagId":"westpaciq:topics/nzindustryinsights","name":"nzindustryinsights","description":"","title":"NZ Industry Insights","url":"/topic.nzindustryinsights"},{"tagId":"westpaciq:topics/aofm","name":"aofm","description":"","title":"AOFM","url":"/topic.aofm"},{"tagId":"westpaciq:topics/nzagriupdate","name":"nzagriupdate","description":"","title":"NZ Agri Update","url":"/topic.nzagriupdate"},{"tagId":"westpaciq:topics/traderecommendation","name":"traderecommendation","description":"","title":"Trade recommendation","url":"/topic.traderecommendation"},{"tagId":"westpaciq:topics/renewables","name":"renewables","description":"","title":"Renewables","url":"/topic.renewables"},{"tagId":"westpaciq:topics/inflationlinked","name":"inflationlinked","description":"","title":"Inflation-Linked","url":"/topic.inflationlinked"},{"tagId":"westpaciq:topics/swapspread","name":"swapspread","description":"","title":"Swap spread","url":"/topic.swapspread"},{"tagId":"westpaciq:topics/quarterlybusinesssnapshot","name":"quarterlybusinesssnapshot","description":"","title":"Quarterly Business Snapshot","url":"/topic.quarterlybusinesssnapshot"},{"tagId":"westpaciq:topics/nzregions","name":"nzregions","description":"","title":"NZ Regions","url":"/topic.nzregions"},{"tagId":"westpaciq:topics/sustainablefinance","name":"sustainablefinance","description":"","title":"Sustainable finance","url":"/topic.sustainablefinance"},{"tagId":"westpaciq:topics/swaption","name":"swaption","description":"","title":"Swaption","url":"/topic.swaption"},{"tagId":"westpaciq:topics/fiji","name":"fiji","description":"","title":"Fiji","url":"/topic.fiji"},{"tagId":"westpaciq:topics/infrastructure","name":"infrastructure","description":"","title":"Infrastructure","url":"/topic.infrastructure"},{"tagId":"westpaciq:topics/supplychain","name":"supplychain","description":"","title":"Supply chain","url":"/topic.supplychain"},{"tagId":"westpaciq:topics/climatechange","name":"climatechange","description":"","title":"Climate change","url":"/topic.climatechange"},{"tagId":"westpaciq:topics/semifactsheet","name":"semifactsheet","description":"","title":"Semi factsheet ","url":"/topic.semifactsheet"},{"tagId":"westpaciq:topics/payrolls","name":"payrolls","description":"","title":"Payrolls","url":"/topic.payrolls"},{"tagId":"westpaciq:topics/financialservices","name":"financialservices","description":"","title":"Financial services","url":"/topic.financialservices"},{"tagId":"westpaciq:topics/boc","name":"boc","description":"","title":"BOC","url":"/topic.boc"},{"tagId":"westpaciq:topics/nzhometruths","name":"nzhometruths","description":"","title":"NZ Home Truths","url":"/topic.nzhometruths"},{"tagId":"westpaciq:topics/socialfinance","name":"socialfinance","description":"","title":"Social finance","url":"/topic.socialfinance"},{"tagId":"westpaciq:topics/relativevalue","name":"relativevalue","description":"","title":"Relative value","url":"/topic.relativevalue"},{"tagId":"westpaciq:topics/covid","name":"covid","description":"","title":"COVID-19","url":"/topic.covid"},{"tagId":"westpaciq:topics/horticulture","name":"horticulture","description":"","title":"Horticulture ","url":"/topic.horticulture"},{"tagId":"westpaciq:topics/sustainabilitylinkedloans","name":"sustainabilitylinkedloans","description":"","title":"Sustainability linked loans","url":"/topic.sustainabilitylinkedloans"},{"tagId":"westpaciq:topics/fxdaily","name":"fxdaily","description":"","title":"FX Daily","url":"/topic.fxdaily"},{"tagId":"westpaciq:topics/qeo","name":"qeo","description":"","title":"QEO","url":"/topic.qeo"},{"tagId":"westpaciq:topics/greenbonds","name":"greenbonds","description":"","title":"Green bonds","url":"/topic.greenbonds"},{"tagId":"westpaciq:topics/sandp","name":"sandp","description":"","title":"S\u0026P","url":"/topic.sandp"},{"tagId":"westpaciq:topics/meat","name":"meat","description":"","title":"Meat","url":"/topic.meat"},{"tagId":"westpaciq:topics/forestry","name":"forestry","description":"","title":"Forestry","url":"/topic.forestry"},{"tagId":"westpaciq:topics/digitisation","name":"digitisation","description":"","title":"Digitisation ","url":"/topic.digitisation"},{"tagId":"westpaciq:topics/creditfan","name":"creditfan","description":"","title":"Credit fan","url":"/topic.creditfan"},{"tagId":"westpaciq:topics/health","name":"health","description":"","title":"Health","url":"/topic.health"},{"tagId":"westpaciq:topics/bobs","name":"bobs","description":"","title":"BoBs","url":"/topic.bobs"},{"tagId":"westpaciq:topics/coasttocoast","name":"coasttocoast","description":"","title":"Coast to coast","url":"/topic.coasttocoast"},{"tagId":"westpaciq:topics/apra","name":"apra","description":"","title":"APRA","url":"/topic.apra"},{"tagId":"westpaciq:topics/india","name":"india","description":"","title":"India","url":"/topic.india"},{"tagId":"westpaciq:topics/resources","name":"resources","description":"","title":"Resources","url":"/topic.resources"},{"tagId":"westpaciq:topics/technology","name":"technology","description":"","title":"Technology","url":"/topic.technology"},{"tagId":"westpaciq:topics/transport","name":"transport","description":"","title":"Transport","url":"/topic.transport"},{"tagId":"westpaciq:topics/futures","name":"futures","description":"","title":"Futures","url":"/topic.futures"}]}