Global Fertility Crash: Worse Than the UN Predicted

The UN's projections on global population growth are overly optimistic; the actual decline in fertility rates is far steeper than anticipated. Many countries, including some middle-income nations, have fertility rates far below those of wealthy countries, defying the traditional modernization narrative. For example, Colombia's 2024 birth rate was only 445,000, significantly lower than the UN's prediction. This downward trend poses a severe threat to economic growth and retirement prospects as fewer young people support a growing elderly population. Japan serves as a cautionary tale, its low fertility leading to slowed economic growth. If the global fertility rate continues to fall, the world economy faces immense challenges.
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