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Population decline due to coronavirus could cost economy $117b a year, KPMG forecast shows – ABC News

There could be a million fewer people than previously predicted in Australia by the end of the decade as a result of COVID-19, producing an annual hit to the economy of $117 billion by 2030 and an ageing workforce.

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There could be a million fewer people than previously predicted in Australia by the end of the decade as a result of COVID-19, producing an annual hit to the economy of $117 billion by 2030 and an ageing workforce.
Key points:

  • If there is no COVID-19 vaccine for two years, KPMG forecasts Australia’s population will be 1 million people lower in 2030 than predicted
  • KPMG says Australia should make a more aggressive pitch for international students
  • The Government is due to …

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