Australia Looking Towards an Older, Smaller, More Indebted Population

Shoppers are seen in the Pitt Street Mall in Sydney, Australia on Dec. 26, 2019.Jenny Evans/Getty Images

Australia’s projected population growth has taken a battering from COVID-19, which will see migration slow and future economic growth struggle.

Treasurer Josh Frydenberg handed down the 2021 Intergenerational Report (IGR) on June 28 as the subject of his address to the Committee for Economic Development of Australia (CEDA).