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The Impact of a Shrinking Population on the Global Economy | Business and Economy

Byeditor

Mar 29, 2024

In the next 25 years, falling fertility rates may result in a significant demographic shift, with potential consequences described as a demographic catastrophe by the Lancet medical journal. Many countries are facing a decline in fertility rates that may not be enough to sustain their population size by the end of the century. However, the rate of decline varies, with some developing nations experiencing a baby boom.

This transformation in demographics could have far-reaching impacts on society and the economy. The massive population growth that has occurred since the industrial revolution has placed immense strain on the planet’s finite resources. A decrease in births could lead to changes in economic productivity and workforce dynamics.

Additionally, there are global efforts to regulate tech monopolies, with authorities in the United States and the European Union taking action. This crackdown on monopolies could have implications for the technology sector and the wider economy. Furthermore, there is progress in narrowing the gender gap in the tech industry, a significant development that could lead to increased diversity and innovation within the sector.

By editor

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