本帖最后由 Lease 于 2015-8-9 10:11 编辑
RBA: Australia needs more KiwisJOHN MCDULING Last updated 17:26, August 7 2015
The solution to Australia's economic malaiseis clear: more Kiwis.
That might be difficult for people on both sides of the ditch to stomach on the weekend of Rugby's Bledisloe Cup, but it'salso one conclusion some are drawing from the lates tforecast from the Reserve Bank of Australia on the Australian economy,released on Friday.
The RBA modestly downgraded its forecasts for economic growth in its statement on monetary policy.
What's fascinating is how it repeatedly cited declining population growth as a key contributing factor.
"Australia experienced rapid population growth over much of the past decade, both by the standards of recent decades and incomparison with other advanced economies," the bank says.
"Recently, however, population growth has declined to be well below the rates experienced over most of the preceding five years."
Why? Basically, it's a vicious cycle.
Australia's economy isn't performing as well as it was a few years ago, so fewer people want to emigrate here. Particularly New Zealanders,since the Kiwi economy is performing comparatively well at the moment.
The RBA said it lowered its forecast for future populationgrowth "in part because labour market conditions in Australia are expected to remain weaker than those in countries that have traditionally been a source of skilled, prime-age immigrants, such as New Zealand".
And that has considerable knock-on effects forAustralia.
"Lower population growth has important implications forthe economy. It lowers the growth in demand for goods and services, as well asthe economy's capacity to supply those goods and services. "
The link between population growth and economic growth is bitterly contested by economists and yes, we're being a bit simplistic here.
But if you tune into the rugby this weekend, it's somethingto think about.
- Sydney Morning Herald
http://www.stuff.co.nz/business/world/70940470/rba-australia-needs-more-kiwis
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