There will also be proportionally more people living in rural areas, with Australians pulling up stumps and heading to the bush during the crisis. This will drag on the economy, leading to fewer workers and less tax collected by the federal government, and is expected to spark debate about whether there should be changes to immigration policies to lure young, skilled workers back post-pandemic. While growth will rebound by 2023-24, it will remain lower than previously forecast for another four years on this estimate.įewer migrants and a slower birth rate due to the economic slump will also mean Australia's population will be older with a median age of 40 in 2031, compared to pre-pandemic forecasts of 39 years old. Population Minister Alan Tudge said the 2020-21 population growth rate was the "slowest since World War I" with net migration to be negative for the first time in 75 years.
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