Farewell to Australia’s favourable demographics

As immigration eases and the population ages, demographic trends will continue to subtly weigh on growth.

The Australian economy continues to be underpinned by strong population growth, which remains elevated by international standards, but the pace of growth has eased considerably over the past year. A softer Australian dollar -- combined with the end of the mining boom -- should ease immigration rates over the next few years and weigh on population growth and by extension real GDP growth.

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