Reserve Bank governor says Australia's high immigration levels boosted economy

Photo of Reserve Bank governor says Australia's high immigration levels boosted economy
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Philip Lowe says immigration levels ensured higher than average growth and helped arrest ageing of population

Australia’s high immigration levels have been a positive for the economy, helping to arrest the rate of the ageing of the population and ensure higher than average growth in recent years, the Reserve Bank governor says.

It means Australia has one of the youngest populations among advanced economies, with a higher fertility rate and better prospects for growth.

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