The fertility crisis is here and it will permanently alter the economy


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London CNN — The world needs more babies. Falling fertility rates have long been a concern for economists worried that aging societies could diminish the labor force, further exacerbate inflation, upend the consumer culture upon which mature economies depend and overwhelm government programs meant to care for aging populations. Those changes are now upon us. A new study by the Organisation for Economic Co-operation and Development (OECD) says that declining birth rates will permanently alter the demographic makeup of the world’s largest economies over the next decade. What’s happening: If forecasts hold up, 2064 will be the first year in...