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Real Assets Adviser

June 1, 2015: Vol. 2, Number 6

Oh, Baby! Declining fertility rates could reduce global growth rates to a crawl.

Author: Byron Wien

We were all lucky to be born at the right time. Over the past 50 years, world GDP growth has been averaging 3.6 percent, driven by employment increases and productivity improvements in roughly equal proportions. An exhaustive and important study by the McKinsey Global Institute concludes that during the next 50 years, population growth will decline to 0.3 percent annually. 

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