Australian Economy

Do vaccine mandates help or hinder recovery?

The OECD has released its 2021 Australian Economic Survey, which calls for widespread tax reforms to reduce the overreliance on personal income taxes: Tax reform is needed.

The OECD has released its 2021 Australian Economic Survey, which highlights that Australia’s unemployment payments are pitifully low and should be raised: Recently, the working-age unemployment benefit was raised by AUD50 per fortnight.

From Deloitte’s Weekly Economics Briefing: New payroll data indicates that Australia’s labour market has once again fallen from its perch, after an impressive recovery during the first half of the year.

Westpac monthly consumer sentiment: The resilience of consumer sentiment in a period when Australia’s two major cities have been locked down and the economy has been contracting is truly remarkable.

19 months on from the pandemic and there are still around 40,000 Australians stuck overseas and unable to return home due to: 1) prohibitive arrivals caps and quarantine limits; and 2) extortionately expensive airfares and quarantine costs.

From ANZ: Confidence rebounds Consumer confidence jumped 3.1% last week, as the NSW government released its much anticipated “roadmap to freedom”, which sets out the plan for easing of restrictions once 70% of adults in the state have been fully vaccinated.

The federal government’s plan to reopen the economy once 80% of Australians aged 16+ have been fully vaccinated against COVID-19 is based on advice from the Doherty Institute.

Friendly Jordies (Jordan Shanks) has launched an all out assault on the NSW planning system, claiming “property developers are the shadow government of NSW”.

Morgan Stanley has an excellent note today that summarises the entire business cycle ahead for mine: Reason 1 to stay long USD: Peak bearishness on US growth?

The Australian Sovereign Capability Alliance has called on the federal government to appoint a minister for Australian sovereign capability.

As we know, the Morrison Government has introduced a new Agricultural Visa that from the end of this month.

Victoria has recorded an outbreak high 473 locally acquired COVID cases over the past 24 hours: Reported yesterday: 473 new local cases and 0 cases acquired overseas. – 30,032 vaccines administered – 49,037 test results received More later: https://t.co/lIUrl1hf3W#COVID19Vic #COVID19VicData [1/2] pic.twitter.com/d71MFYyTsL — VicGovDH (@VicGovDH) September 12, 2021 More than half are mystery cases.

Denmark on Friday ditched vaccine passports and axed its remaining COVID restrictions after coming “out the other side of the pandemic”: With no masks in sight, buzzing offices and concerts drawing tens of thousands, Denmark on Friday ditched vaccine passports in nightclubs, ending its last Covid curb.

NSW has recorded 1262 locally acquired COVID cases over the past 24 hours: NSW recorded 1,262 new locally acquired cases of COVID-19 in the 24 hours to 8pm last night.