Bust

We are entering an era of population decline across the developed world – and beyond. Few have given serious thought to what this might mean economically. Will an ageing society and dwindling population be easily accommodated, or strike at the very heart of our prosperity?Paul Morland and Philip Pilkington argue that the consequences of the coming demographic upheaval will be economically devastating. All of the assumptions of economists – that a world of above-replacement birth rates and gentle