Australia's government has released its seventh intergenerational report, which projects that deaths will outnumber births by the 2060s due to falling fertility rates and an ageing population. This represents a fundamental shift in Australia's demographic structure and signals major challenges for managing the economy and public services over the next four decades.

The report forecasts population growth slowing to 0.9% annually (down from 1.4% historically), with per-person GDP growth declining to 1.2% over the next 40 years (from 1.5% previously). These projections depend significantly on artificial intelligence driving productivity improvements, as productivity has been near zero in recent years; the government also projects an ongoing structural budget deficit, with government spending rising to 27.4% of GDP by the mid-2060s.