Australia’s Economy Runs into a Surge of Anxiety Caused by Decline in Migrants

Sydney, April 26, there has been a remarkable fall for the first time since 2000 in the number of people born overseas in Australia obviously caused by the COVID-19 pandemic across the country which is likely to result in a significant impact on the country’s economy.

According to the fresh figures released on Tuesday by the Australian Bureau of Statistics (ABS), which was published in SBS news, in 2021, 29.1 percent of Australia’s resident population was born overseas (7.5 million migrants), down from 29.8 percent (7.7 million migrants) in 2020.

Jenny Dobak, ABS head of migration statistics, remarked that the COVID-19 travel restrictions resulted in the reduced overseas migration in and out of Australia as the people from overseas changed their travel and migration plans owing to the COVID-19 pandemic. She further said that in the first year of the COVID-19 outbreak fewer people migrated to Australia.

Dr. Liz Allen, a demographer at the Australian National University, said, “Smaller immigration has been a problem for Australia because, even prior to the pandemic, Australia did not have sufficient numbers of the local population in the working-age ranges to offset those leaving the workforce.” She further expressed the concern, “The pandemic was really just a start of the beginning of Australia’s very tight fiscal situation.”

Simon Kuestenmacherm, the co-founder of Melbourne-based Demographics Group, supported the concern, “Australia fully relies on net overseas migration for the workforce. The latest figures could negatively impact Australia’s economy.”

It is widely recognized that Australia relies much upon migration, and it is at present struggling hard because of decreasing numbers of migrants.

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