Australia's deaths to outnumber births by 2060s, report says

Australia's deaths to outnumber births by 2060s, report says Share Australia's deaths to outnumber births by 2060s, report says on social media Australia will see more deaths than births by the 2060s, hitting a milestone already surpassed by advanced economies including Japan, Germany and France, according to a government report. In its latest Intergenerational Report released on Monday, Australia's Treasury forecast that the country's population will hit 39.3 million by 2065-66, 1.8 million lower than projected in its last outlook in 2023. The number of Australians aged 85 or older is projected to triple by 2065-66, with immigration accounting for all population growth as the fertility rate falls to 1.34, the Treasury said. Despite plunging birthrates, the Treasury said it expects the economy to more than double in size by the mid-2060s, citing productivity gains due to artificial intelligence and greater workforce participation by women and older Australians. Treasurer Jim Chalmers said that while Australia's economy faces serious risks due to the demographic shift, it also holds "substantial" advantages compared with its peers.