World Population & Demographics – More People Over 65 than Under 5 for the First Time Declining fertility rates lead to an aging population and secular stagnation. Picture source: Deutsche Bank
How Many People Are There in the World in 2019? The world population was estimated to have reached 7.7 billion people as of April 2019. Picture source: Visual Capitalist Click the Picture to Enlarge
Why Potential GDP Has Been Cut in Half Since the 1950’s? The main reason is a lower productivity than previous business cycles, due to: – lower population growth – the service sector is growing faster than the industry sector – lower quality jobs in the service sector have a lower productivity than in the industrial…
