The award for the fakest news headline goes to….

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The Australian.

Seriously, check out the below headline relating to today’s Intergenerational Report (IGR), which will be released by Treasurer Josh Frydenberg this afternoon:

Fake news

Australia’s population to shrink? WTF?

Australia’s current population, according to the Australian Bureau of Statistics (ABS), is 25.7 million.

According to today’s IGR, Australia’s population will reach 38.8 million by 2060-61. That’s a whopping increase of 13.1 million people – equivalent to adding another Sydney, Melbourne and Brisbane to Australia’s existing population over the next 40 years.

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On what planet does The Australian live to claim that a ~50% increase in Australia’s population constitutes shrinking? Especially when its own chart shows the polar opposite:

Australian population projections

Is this a shrinking population?

One can only ponder how this bullshit got past the editor at The Australian. Or was it the editor that produced this fake news title?

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Thankfully, the commenters to the article are scathing, lambasting The Australian for publishing this trash.

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.