Australia's irrevocable, inevitable growth challenge

Dealing with the ageing population and its negative effects on growth, productivity, and standard of living will be Australia's biggest economic test over the next few decades.

Australia’s labour market participation rate has fallen sharply over the past few months and is now at its lowest level in seven years. But that pales by comparison with the expected decline resulting from ‘baby boomers’ retiring and the population ageing.

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