Politician arsonists vow to put out immigration fires

If you think Australia’s 2.5% population growth is insane, spare a thought for Canada and New Zealand, which currently have us beat:

After deliberately engineering massive post-pandemic rebounds, politicians in both countries recognise that it was a mistake and are now attempting to close the gate after the immigration horse has already bolted.

With Canada’s population growth smashing the “high growth” forecasts of Statistics Canada, Prime Minister Justin Trudeau now says that temporary migration needs to be brought “under control”:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.