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Doubling migration would deliver GDP spike: CEDA

Backpackers at Melbourne Airport
Backpackers at Melbourne Airport Source: AAP

A new report, from the Committee for Economic Development of Australia(CEDA), says doubling Australia's migrant intake could dramatically drive future economic growth.


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By Peggy Giakoumelos, Jin Sun Lane

Source: SBS



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A new report, from the Committee for Economic Development of Australia(CEDA), says doubling Australia's migrant intake could dramatically drive future economic growth.


A report from CEDA says skilled migration in particular has always been a significant driver for Australia's economy.

 

The report says doubling Australia's migration intake to 400,000 by the 2050s could dramatically drive economic growth.

 

But the report's authors add this should only occur if gaps in infrastructure, urban congestion and environmental impacts are adequately addressed to cope with new arrivals.

 

It's calling for a cap on working holidaymakers, reviving the possibility of a guest worker program to fill low-skilled roles.

 


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