Australia is experiencing a population boom that is having a burgeoning effect on its economy. A mini baby-boom, along with an aggressive immigration campaign to attract young, skilled immigrants to its shores, is delivering both future consumers and workers to keep the economy growing.
Craig James the chief economist of CommSec said,"One of the key drivers of any economy is population growth. Put simply, if there are more people, then retail spending will be higher, more homes will be built and more services provided."