The two things holding up the economy are fast becoming the two most potent political issues confronting the federal government.
One Nation and the Coalition want to cut immigration and are smashing the government on the idea that they have allowed a "mass migration" program.
Australia's population growth is projected to slow from an average of 1.4 per cent a year over the past 40 years to 0.9 per cent a year over the next 40 years.
In 2062–63, the projected population is 1.8 million lower than projected in the 2023 IGR.
Huawei, the Chinese-owned tech giant banned in 2018 from being involved in Australia's 5G rollout, released a report a few days ago predicting data centres could consume up to 10 per cent of the world's electricity by 2035.
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How
Summarized version
Figures out from today's Intergenerational Report (IGR) show just how much we need migrants for the economy to keep growing, albeit slowly. In 2062–63, the projected population is 1.8 million lower than projected in the 2023 IGR.
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The article, shortened and in plain language
The two things holding up the economy are fast becoming the two most potent political issues confronting the federal government.
Data centres and migration are the twin issues the government needs to keep pumping to keep the country in positive economic territory, but they are also the two issues voters have the most hostile relationship with.
Migration has long been a contributor to the economy, with international students, workers and their spending helping tip dollars into treasury coffers.
One Nation and the Coalition want to cut immigration and are smashing the government on the idea that they have allowed a "mass migration" program. Labor, stung by months of campaigning on this issue, unveiled a plan to try to cut it back too.
Australia's population growth is projected to slow from an average of 1.4 per cent a year over the past 40 years to 0.9 per cent a year over the next 40 years.
The population is projected to reach 39.3 million by 2065–66. In 2062–63, the projected population is 1.8 million lower than projected in the 2023 IGR.
Described as the next boom, with some figures indicating they could deliver around $150 billion by 2030.
Huawei, the Chinese-owned tech giant banned in 2018 from being involved in Australia's 5G rollout, released a report a few days ago predicting data centres could consume up to 10 per cent of the world's electricity by 2035.
Anthropic has signed an agreement to use part of a $32 billion data centre proposed for a site on Queensland's Western Downs.
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