Mmastodon WorldImmigration first seen 1 d ago, last 13 h ago, peak #10
Canada's migration slowdown offers clues for Australia
Original: Would slashing migration tank the economy or reset Australia’s living standards? Canada may offer clues By Patrick Commi
Economics writer Patrick Commins examines whether cutting migration would damage Australia's economy or improve living standards, pointing to Canada as a test case. Canada's annual population growth has slowed to just 0.5% after sharp cuts to immigration targets, and its economy is 'adjusting'. The comparison is being read as a guide for Australia's own debate over migration levels, housing pressure and per-capita growth.
Why now: Australia is actively debating sharp migration cuts and Canada's recent slowdown provides the first real-world evidence of the economic consequences.
AustraliaCanadaPatrick ComminsThe Guardian
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Evidence
- Would slashing migration tank the economy or reset Australia’s living standards? Canada may offer clues By Patrick Commins Annual population growth for the North American nation has slowed to just 0.5% – and the economy is ‘adjusting’ https://www. theguardian.com/australia-news… · guardianfeeds@rssfeed.media · 2
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