Australia’s Migrant Intake Must Be Better Controlled, Peter Costello Warns

An economist said the supply of immigration has long exceeded the demand for it.
Australia’s Migrant Intake Must Be Better Controlled, Peter Costello Warns
Former Treasurer and Chairman of the Future Fund, Peter Costello at the Hilton Hotel in Sydney, Tuesday, March 10, 2020. AAP Image/Dean Lewins
Nick Spencer
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Former Australian Treasurer Peter Costello has warned that the current national migrant intake must be managed carefully to find an equilibrium in which a struggling economy is supported without placing upward pressure on inflation.

Speaking at the UBS Australasia Conference on Monday, Mr. Costello drew comparisons between Australia’s current and past immigration levels.