New extracts released ahead of the government’s Intergenerational Report show it warns Australia’s economy will grow more slowly in the coming 40 years than in previous decades.
At the same time, there will be pressures on the revenue base, and changes in revenue sources.
Real gross domestic product is projected to grow at an average annual rate of 2.2% from 2022-23 to 2062-63 – which is 0.9 percentage points lower than the average rate over the previous four decades.
