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Westpac chief economist, Bill Evans, has doubled down on his call for a quick return to mass immigration at the earliest possible opportunity:
Separate analysis by Westpac shows the economy will suffer an ongoing hit from a collapse in immigration, particularly from a fall in the number of foreign students in the country.
The government has warned net overseas migration could fall by 85 per cent in 2020-21. Westpac found this could mean overall population growth of just 35,940 compared to the previous forecast gain of 239,600…
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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.