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Australia lowers long-term population, economic growth forecasts on COVID-19

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Reuters

By Colin Packham CANBERRA (Reuters) – Australia lowered its projections on Sunday for population and economic growth over the next 40 years due to the impact of the COVID-19 pandemic. Canberra closed its international borders in March 2020 to all but citizens and permanent residents in an attempt to prevent the spread of the virus. The government says it will only reopen to migrants when it believes it is safe to do so. Australia now expects its population to total 38.8 million by 2061, down from its last forecast in 2015 estimate when it saw it hitting 40 million by 2056. Its population curre…

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