Aging population, climate change to transform Australian economy: Report ...Middle East

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Aging population, climate change to transform Australian economy: Report
CANBERRA: An aging population and climate change will mold the Australian economy over the next 40 years, a landmark government report has found.Australian Treasurer Jim Chalmers on Thursday released the latest Intergenerational Report (IGR), the first since 2021 and sixth since 2002, laying out Australia’s economic challenges and opportunities for the next 40 years.The report forecast that Australia’s long-term average economic growth will fall from 3.1 per cent per annum over the last 40 years to 2.2 per cent over the next 40 years while average annual population growth will fall from 1.4 per cent to 1.1 per cent, said Xinhua.The report projected that by 2063 the Australian population will

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