Australia’s Covid vaccination rate is now around 67% fully vaccinated. On the current trajectory, enough vaccines should have been administered to enable restrictions in Sydney and Melbourne to be lifted completely by the end of 2021.
With the next Federal Election little over six months away, a relaxation of the restrictions and a full re- opening of the economy is becoming increasingly important politically.
Rising living costs have made it tricky for many Australians to make ends meet.
The presidential election in the US on 5 November could dominate headlines during October, before the next meeting of the Federal Reserve later that same week. Investors are already debating whether a further reduction in borrowing costs in the US could be announced following this meeting.
The global economy is being shaped by conflicting triggers. These include productivity-boosting technology innovations, geopolitical tensions and the strident efforts of central banks to bring inflation under control. We examine the economic outlook and discuss the implications for your retirement savings.
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