Australia Warns of Ageing Population and Slow Growth
Australia forecasts deaths will exceed births by the 2060s due to an ageing population and slower immigration. The Treasury report highlights five major economic transformations ahead.
Australia forecast on Monday morning that deaths would exceed births for the first time in the 2060s, driven by an ageing population and slowing immigration. The demographic shift mirrors trends already seen in advanced economies like Japan, Germany, and South Korea. Slower population growth threatens long-term labor supply and increases fiscal pressure on healthcare services.
