World Population Growth Slows
Falling Expansion
According to the World Bank, the global population continues to expand, albeit at a slower pace. In 2000, the growth rate was 1.35%. By 2020, it had declined to 1.01%. This deceleration trend is expected to continue in the coming years.
Economic Impact
The decline in population growth has a range of economic implications. Recession-hit countries often suffer from high unemployment and a deterioration in living standards.
Explore the following interactive graphic to discover further dimensions of recessions and recovery:
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