Australia's largest stock trading and investment forum Australia's #1 stock forum

It would be better to just auction passports than let the Unis...

First 3 Last

Share
Profile

Follow
bacci

11,853 Posts.

233

08/03/24

15:45

Post #: 72817581
Share

Originally posted by johngalt815: ↑

Spending by international students accounted for more than half of Australia’s economic growth in 2023, according to new research warning that a sharp increase in visa refusal rates will be a headwind to growth this year.

GDP growth slumped to an annual rate of 1.5 per cent in December 2023, the Australian Bureau of Statistics said this week, as non-essential spending and home building activity contracted in response to the fastest interest rate tightening cycle in decades.

Analysis of the national accounts figures by economists at NAB found education exports, which captures spending by international students living in Australia, was equivalent to 0.8 percentage points of annual GDP growth, or more than half the 1.5 per cent annual rate in December.

https://www.copyright link/policy/economy/foreign-students-are-saving-the-economy-20240308-p5fasz

Expand

It would be better to just auction passports than let the Unis and "Colleges" sell them.
Most Uber drivers are sham students.
6 Upvote

Reply

There are more pages in this discussion • 3 more messages in this thread...

First 3 Last

SPONSORED BY