More Australians will die than be born by 2060s as major government report lays bare lower growth future

Australians are projected to die more than be born by the 2060s, according to the country's seventh intergenerational report. This means the population will decline, which can have significant implications for the economy and social security systems. Lower population growth also typically leads to slower economic growth, as there are fewer workers to contribute to the workforce and support the needs of an ageing population.

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The report outlines a future of lower growth for Australia. This could lead to a decrease in economic activity and a potential decrease in investor sentiment.

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