According to economist Dr Samira Abbasi, a significant reduction in migration could lead to lower demand for housing. However, it could also create challenges for the labour market, economic activity and workforce shortages across various sectors.
Australia’s political debate over reducing migration is intensifying, but what would the impact on the economy be if migration were cut sharply and suddenly? Would this lead to lower demand for housing, or could it create new challenges such as labour shortages, reduced economic activity and slower economic growth?
Speaking to SBS, economist Dr Samira Abbasi discussed the relationship between migration and Australia’s economy, labour shortages and the country’s ageing population.
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