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

Australia's Treasury Department projected in its 2026 Intergenerational Report that deaths will outnumber births by the 2060s due to falling fertility rates and slower immigration. The report forecasts the fertility rate will decline to 1.34 children per woman by 2065, with net overseas migration becoming the primary driver of population growth. The aging population poses significant long-term economic pressures on the nation.