Ubs Analysis: Growth and Population

ubs analysis: The investment bank observed that most of the slowdown in population growth had actually come from increased emigration. "Slowing in net migration has been almost entirely due to a pick-up in Australians migrating offshore , rather than fewer inbound permanent migrants," the bank economists noted, according to Australian Broadcasting Corporation. In fact, the UBS analysis showed only a 10,000-strong fall in the number of immigrants between 2012 and 2015, to 483,000 per annum, but a marked 50,000-strong rise in the number of Australians departing the country. Map: Australia Australia population growth has stabilised at 1.4 per cent per annum, in positive news for the nation economic outlook, according to UBS. Key points:Population growth down from 2.2pc in 2008 to 1.4pc last year Number of Australians leaving country jumps from 256,000 to 306,000 since 2012Number of immigrants down by 10,000 per annum between 2012 and 2015 In a report examining recent ABS data, UBS found that the population growth rate had fallen from a high of 2.2 per cent in 2008, pre-financial crisis, and a more recent 2012 peak of 1.8 per cent. A slowing birth rate and slightly increasing death rate in recent times have also weighed on population growth. UBS said Australia population growth remains high by international standards, and the stabilisation means it will no longer be subtracting from gross domestic product growth. "There no longer any population growth drag as has likely been the case in previous years ," he said. Photo: Population growth has stabilised after slowing dramatically. (news.financializer.com). As reported in the news.