• Good news is that 63% of Australia’s whole population has now had at least one vaccine dose and in NSW its now 70%
  • IFM warns that elevated energy prices could begin to chip away at global growth because inflation will persist if energy prices remain high
  • US has more than a million job vacancies leading to wage rises and annual inflation running at more than 5%
  • Expectation that US Federal Reserve will ease its purchasing of bonds with the expectation that yield will rise
  • UK economy growing less than expected, recovery being squeezed by supply shortages and a jump in the cost of goods
  • Inflation in the eurozone hits its highest level since 2011, 3%, German inflation rises to 4.1%, its highest level since 2008
  • A standard-sized shipping container through the Panama Canal – from China to the US costs $US54,320 (A$73,935), this time last year it was $8.820
  • Chinese developer Evergrande missed two bond holder payments in September and carries an extraordinary $400 billion debt, expected to impact China’s property sector
  • RBA Governor Lowe upbeat – but pushes back against market expectations for the start of rate hikes next year
  • Australian unemployment rate fell to 4.5%, the lowest in almost 13 years but effective unemployment rate is higher at 6.3%
  • Australian consumer and business confidence are proving resilient compared to last year likely reflecting more confidence that government support will work
September 2021 Download Report