In light of new data showing China's population shrinking for the second year running, a Shanghai-based think tank has drastically changed its 2100 forecast.
I think if you talk to people in the west they would say the year 2000 is better than now.
They have cheap housing/ rent, the country is safe, plenty of jobs. Sounds great. The only issue japan is having is that gdp isn’t increasing but from an individual person point of view things seem better.
Sounds great. The only issue japan is having is that gdp isn’t increasing but from an individual person point of view things seem better.
So if you rely on a narrow view of what success looks like (for example, only considering GDP growth), it would be considered not good, but from a lived experience, its fine.
It makes sense that an economy that overshot what its population growth rate can support, it needs to contract.
Japan is like being in the year 2000.
I think if you talk to people in the west they would say the year 2000 is better than now.
They have cheap housing/ rent, the country is safe, plenty of jobs. Sounds great. The only issue japan is having is that gdp isn’t increasing but from an individual person point of view things seem better.
So if you rely on a narrow view of what success looks like (for example, only considering GDP growth), it would be considered not good, but from a lived experience, its fine.
It makes sense that an economy that overshot what its population growth rate can support, it needs to contract.