Amongst the disaster the coronavirus pandemic has turned out to be in terms of health and the economy, it has also delivered a substantial blow to population growth and fertility, which will have even broader implications | swrighteconomy
He said the nation's future population would now be smaller and older than previously assumed with net migration movement out of Australia now likely to be negative both this financial year and next.
"And given our migrant workers tend, on average, to be younger, this will lower labour force participation and average hours worked across the economy into the future." Data from the Australian Bureau of Statistics this week showed in March the country experienced its smallest natural increase in the population in 14 years.
Deaths will continue to grow - a factor of the larger number of people in the country and the ageing population.If migration is falling, then the only way to offset the increase in deaths is via more babies.from a 15-year low of 1.78 to 1.9 and remain there for decades to come.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA border reopens to NSW travellers as Gladys Berejiklian urges vigilanceNSW Premier Gladys Berejiklian is urging caution with residents set to travel more thanks to an easing of COVID-19 restrictions and school holidays.
Read more »
Hotel quarantine inquiry LIVE updates: Victorian MP Jenny Mikakos to front hearingsWATCH LIVE: Victorian Health Minister JennyMikakos is testifying at the hotel quarantine inquiry. Premier DanielAndrewsMP will provide a coronavirus update at 10.30am.
Read more »
NSW reports two COVID-19 cases as restrictions on weddings to be easedNSW has reported one new COVID-19 case in the community and one case in a traveller in hotel quarantine.
Read more »
UK launched long-awaited COVID-19 tracing appThe UK&x27;s long-awaited coronavirus tracing app has launched - here&x27;s how it compares to Australia COVIDSafe app.
Read more »
Victoria records 12 new coronavirus cases and two more COVID-19 deathsMelbourne's 14-day rolling average drops to 26.7 as the state records 12 new coronavirus cases and two further deaths.
Read more »
Here's what has to happen before everyone can get a COVID-19 jabAustralia has some of the most rigorous quality checks for new drugs so if a COVID-19 vaccine is found this is the process that would unfold before it's available at your local GP — or even at the local library or hardware store.
Read more »