Payback time for the demographic dividend

SINGAPORE (Nov 15): The world's demographic is in the midst of unravelling as population growth is rapidly declining in the US, Europe, Japan, China and most of Asia, according to the latest data from DBS Group Research. 

In a Monday report, analyst David Carbon highlights that the US's working-age population growth (WAPG) has fallen to a low of just 0.4% this year – less than half of the rate recorded eight years ago  – producing a knock-on effect to push GDP growth below 3%. 

China's WPAG of 0.25% indicates that the rate of working-age population growth is still lower and falling faster than in the US. Carbon projects this will worsen to -0.25% in 2021, and further deteriorate to -0.5% by 2026.  

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