Australia: Ageing population, falling birth rates and growing disasters could pose a significant risk

Australia's Treasury released its Intergenerational Report on Monday projecting that deaths will outnumber births by the 2060s as the fertility rate falls to 1.34 children per woman by 2065. The report attributes population decline to falling birth rates and slower immigration, leaving net overseas migration as the primary driver of future population growth. The ageing population poses long-term economic pressures on the country.