The World Economy Faces a Crisis of Disintegration as The Workforce Ages Amélie Poulain2023-04-0701.8K views The World Bank warned in March that the impact of an aging workforce on the global economy continues to intensify. In Japan and South Korea, due to the rapid increase in the proportion of the elderly population and the lack of a young labor force, the economic growth rate has been significantly dragged down. China, the United States, and many European countries are facing the problem of an increasing retirement population, but there is a shortage of a replaceable labor force. Read more
World Bank Warns of Severe Global Recession, the Violent Storm could Take Shape Amélie Poulain2022-10-2201.3K views Countries around the world have raised interest rates to combat inflation, and monetary tightening has reached the largest extent in 50 years. The three major economies of the United States, China, and the eurozone have experienced the sharpest slowdown since 1970. The GDP growth rate will be greatly affected, and the global economy will fall into recession. Read more