Monday, November 30, 2015

'The change in the global population over the next few years is unprecedented'

The world's demographics are making an "unprecedented shift," and it will have an enormous impact on the world.
That's not a new discovery, but the subject is being explored in detail by HSBC economist James Pomeroy in an immense report sent to clients this week.
The note explores some of the massive changes coming to the global population over not just the next 50 or 100 years, but the next 10. Unlike many economic forecasts, predictions of what the size of the world's workforce will be like in a decade are pretty predictable, since the future workers have already been born.
Here's a snippet from the report (emphasis ours):
Demographics have long been a key determinant of potential growth rates, but the change in the global population over the next few years is unprecedented. Japan's population started to shrink in the mid-1990s and Germany's started shrinking around the year 2000, but the world's most populous country, China, is now seeing its working-age population shrink for the first time.

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