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Demographic Decline Is Fiscal Decline

As a libertarian, I don’t care if couples have zero children or 10 children.But as an economist, I’m horrified that big changes in demographics are going to lead to fiscal crises thanks to poorly designed .05/25/2021 16:43:31PM EST. ....

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Fewer workers, more retirees: Slowing population spells problem for world

Read more about Fewer workers, more retirees: Slowing population spells problem for world on Business Standard. Demographers predict that by latter half of the century, global population will enter a sustained decline for the first time. ....

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Long Slide Looms for World Population, With Sweeping Ramifications

All over the world, countries are confronting population stagnation and a fertility bust, a dizzying reversal unmatched in recorded history that will make first-birthday parties a rarer sight than funerals, and empty homes a common eyesore. ....

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Korea to create world's largest chip manufacturing complex

Korea to create world s largest chip manufacturing complex ....

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South Korea's economy recovers to pre-pandemic levels: central bank

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South Korea’s economy recovers to pre-pandemic levels: central bank
Thu, 29 April 2021
South Korea’s economy expanded 1.6 per cent quarter-on-quarter in the first three months of the year, signalling a faster-than-expected recovery to pre-Covid-19 levels, central bank data showed on April 27.
Bolstered by improvement in private consumption and exports, “the 1.6 per cent growth in the first quarter has pushed the real gross domestic product (GDP) level higher than that of the last three months of 2019,” Park Yang-su, head of the economic statistics department at the Bank of Korea (BoK), said in a briefing tied to the data.
On a quarterly basis, South Korea’s economy has recovered slowly since the third quarter of last year. After contracting 1.3 per cent in the first quarter of 2020 and 3.2 per cent in the second, it began to show signs of recovery in the second half. It expanded by 2.1 per cent in the third quarter and 1.2 per cent in the fourth ....

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