article_snippet.sent: In a new report, Goldman Sachs predicts population growth will slow to 1.25 per cent over the next three years due to low birth rates, high death rates and falling net migration.
article_snippet.sent: This is significantly lower than widely-used Australian Bureau of Statistics population predictions of between 1.7 and 1.8 per cent - which Goldman Sachs analysts Tim Toohey and Andrew Boak label as 'too optimistic'.
article_snippet.sent: Goldman Sachs predicts population growth will slow to 1.25 per cent  due to low birth rates, high death rates and falling net migration .
article_snippet.sent: The report predicts that Australia's population will be 530,000 smaller ABS estimates for 2017. '
article_snippet.sent: This is tipped to reduce potential economic growth from 2.9 per cent to 2.5 per cent for the 2015-2017 period. '
article_snippet.sent: A lower "potential" rate of economic growth suggests disinflationary pressures will stabilise through 2015 and support the case for interest rate rises through 2017, and the RBA will likely be in the position of lifting interest rates into an oversupplied housing market,' Mr Toohey and Mr Boak write. '
article_snippet.sent: Australia's population growth is set to slow sharply through 2015, according to Goldman Sachs, with births declining 'at the fastest rate on record' and uncertain labour markets affecting net migration. '
article_snippet.sent: We also suggest the rate of growth of deaths will easily double the rate of growth of deaths historical average over the coming decade as the sheer number of individuals moving into age brackets with higher mortality rates swamps any further extension to average years lived,' the report states.
article_snippet.sent: Declining populations are tipped to reduce potential economic growth from 2.9 per cent to 2.5 per cent for the 2015-2017 period .
article_snippet.sent: Australia's population growth is set to slow sharply through 2015, according to Goldman Sachs, with births declining 'at the fastest rate on record' and uncertain labour markets affecting net migration .
highlights_snippet.sent: Goldman Sachs predicts population growth will slow to 1.25 per cent over the next three years creating oversupply .
  