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Demographic researcher, Mark McCrindle, has taken scaremongering over Australia’s lower projected population growth to new lows:
Australia could finish the decade with up to 1.7 million fewer people than had previously been forecast as a result of the “large and likely long-lasting” effects of the global coronavirus pandemic…
In McCrindle’s first scenario, “the snap back”, an effective vaccine helps along a fast global recovery from COVID-19 and Australia’s migration levels quickly return to the 2016 to 2019 average of 237,000.
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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.
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