Live: COVID-19 expected to halt population growth in another hit to the economy, says Deloitte

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Live: COVID-19 expected to halt population growth in another hit to the economy, says Deloitte
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COVID-19 is expected to have a major impact on Australia's population growth, which is bad news for our economy according to some experts. Follow live.

Ahead of tomorrow's Federal Budget, there are more signs that a slowing population rate will have serious implications for the national economy.

"We get young, educated migrants, they tend to get high paying jobs so they pay more tax than the average. Often they don't qualify for things like Medicare benefits for a while. Treasurer Josh Frydenberg says he has no option but to spend big in the budget tomorrow, to try to create jobs and drive unemployment down.

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