2 ASX shares that may be hit by Australia’s declining birth rate

A declining birth rate will affect the ASX in many ways, but the most obvious is a potential hit to companies that make products for Australia’s bubs. Especially those companies that cater exclusively for babies. 

According to the Federal Government’s Centre for Population, Australia’s birth rate is projected to average at 1.62 babies per adult female until 2030, making it the lowest birth rate we’ve ever seen. Comparatively, the highest birth rate for Australian women in this century was 3.5 babies in 1961.

As the birthrate needed to sustain the population (assuming no migration or immigration occurs) is 2.1 babies per woman, we may well…