Three key predictions for Australia’s future: highlights from the intergenerational report

Country will have to contend with climate change, an ageing population and a smaller population in 2060-61

Every five years, the Australian Treasury embarks on a fascinating forecasting exercise: what will the economy and the commonwealth budget look like over the next 40 years?

Treasury was too busy to produce an intergenerational report last year when Australia battled the first and second waves of the coronavirus pandemic, so the treasurer, Josh Frydenberg, released the latest 200-odd page instalment on Monday.

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