A glimpse of what Australia will look like in 2066
- Australia’s population is projected to reach 39.3 million by 2065–66, even as deaths outnumber births because of overseas migration.
- The population is expected to age significantly, with the number of people aged 85 and older nearly tripling to 1.9 million and life expectancy reaching 89.5 years for women and 86.1 years for men.
- Economic growth is forecast to slow to an average of 2% annually, while artificial intelligence, renewable energy and the care economy reshape Australia.
- The government expects long-term budget pressure from health care, aged care, disability services, defence and debt interest, with deficits widening over time.
20 Articles
20 Articles
Watch Australia Bets on AI to Spur Economic Growth For Decades
Australia is betting on AI to drive economic growth over the next 40 years. The Treasury’s Intergenerational Report says the technology is expected to help deliver its long‑term labor productivity target of 1.2% a year. It also estimates $150 billion could be spent on data centres by 2030. ANZ's Group Chief Economist, Richard Yetsenga, joins "Bloomberg: The Asia Trade" to discuss what this means for Australia's growth outlook.
AI forecast to increase Australia's productivity and cut debt - ABC listen
Federal Treasurer Jim Chalmers says artificial intelligence is the biggest economic transformation of our lifetime. The latest intergenerational report, released today, forecasts that AI will play a pivotal role in increasing productivity and reducing gross debt. New South Wales Premier Chris Minns says society must confront the scourge of domestic and family violence, after four separate incidents across the state over the weekend... including …
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