Australia will suffer its first reversal in net migration in more than seven decades in a hit to growth to be revealed in next week's federal budget, as the pandemic also cuts the nation's birth rate | CroweDM
Australia will suffer its first reversal in net migration in more than seven decades in a hit to growth to be revealed in next week's federal budget, as the pandemic also cuts the nation's birth rate.
"It's in Australia's interest to maintain a strong immigration program across a range of areas — skilled migration, family, reunion and humanitarian," he said in an interview."Migration will come back as the virus is brought under control. And to be honest, this is why a vaccine is so important."A vaccine will help bring back confidence around the world and will speed up the relaxation of international border restrictions.
Net overseas migration was forecast to be 271,300 this calendar year and 267,600 next year but is now on track to be negative.
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