Arthritic Australia: What the ageing population will do to growth

It will be impossible for Australia to maintain its growth rate with the working-age population dwindling. Japan’s experience offers a worrying preview of the impact an ageing population has on an economy.

Most market analysts spend little time thinking about demographics, which is a shame because they pose a significant threat to the Australian and global economies. Japan’s experience suggests that with a rising share of our population retiring it will be practically impossible to maintain existing levels of economic growth, which will only be compounded further by most developed countries suffering the same problem at the same time.


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