Last month, the Australian Bureau of Statistics (ABS) released the official population data for the September quarter of 2023, revealing that Australia’s population increased by an astounding 660,000 people over the year, driven by a record net overseas migration (NOM) of 549,000. In percentage terms, Australia’s population increased by 2.5%, the fastest growth rate since
The post Australia’s burnout economy crashes productivity, living standards appeared first on MacroBusiness.