According to the IMF World Economic Outlook report, Japan’s nominal GDP — that is, unadjusted for inflation — is expected to fall 0.2%, year-on-year, to $4.23 trillion in 2023, while Germany’s is forecast to expand 8.4% to $4.42 trillion. The U.S., the world’s largest economy, is expected to grow 5.8% to $26.94 trillion. China’s economy, the world’s second-largest, is forecast to shrink 1.0% to $17.7 trillion.
In 2000, Japan’s economy was the second-largest in the world, at $4.96 trillion, larger than it is today. At the time, its economy was 2.5 times bigger than that of Germany and 4.1 times bigger than China’s. At the beginning of that year, the exchange rate was about 105 yen per dollar. China overtook Japan and moved into second place in 2010. By the end of this year, its economy is forecast to be 4.2 times larger than Japan’s.
The median age of Japan’s population has increased from 38 in 1995 to 49 today. Japan has a population that is nearly 30% senior citizens. Japan’s working age population has shrunk and its overall population has decreased.
30% of the world’s population is in countries with shrinking overall populations.
China’s median age will increase from 38 today to 52 by 2050. Japan’s median age will increase from 49 today to about 55 in 2050.
According to the latest IMF projections, global growth will slow from 3.5 percent in 2022 to 3 percent this year and 2.9 percent next year, a 0.1 percentage pointd downgrade for 2024 from the IMF July projections. This remains well below the historical average.
Headline inflation continues to decelerate, from 9.2 percent in 2022, on a year-over-year basis, to 5.9 percent this year and 4.8 percent in 2024. Core inflation, excluding food and energy prices, is also projected to decline, albeit more gradually than headline inflation, to 4.5 percent in 2024.
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The population decline can easily be fixed if people will accept the idea of teen pregnancies.
Feminist are ADAMANTLY opposed to the idea of young mothers.
Humans have an optimal breeding age and it begins in the teens.
Modern feminized countries will continue to experience suicidal population declines clinging to the insane idea that a young mother is a failed woman.
Abortions, urbanization, immigration, etc… none of this is why the population is falling, it is because woman are NOT STARTING having children when they biologically should be.
A young mother is inexperienced and will do a poor job of raising productive citizens. We need quality over quantity. The best cure for the lower birth rate is better wages and more leisure time.
Consolidated families can help with that problem. When extended families live together, then it’s easier for everyone to pitch in and help raise the kids. The more isolated and alone parents are, the more difficult it will be for them to raise the kids well. The Murphy Brown choice is not the best choice for the future of the kids.
You also need space. Crowded cities are not the place to raise a brood.
Japanese manufacture abroad to compensate for declining labor in Japan. Germans import African and Turkish Muslim labor. The Japanese standard of living is holding steady. The Germans are complaining about hyper inflation. The challenger political party, Alternativ fur Deutschland, is gaining so much popularity that Herr Scholz proposes to make it illegal.
If Japan is doing its manufacturing abroad, then what is the main source of employment for people in Japan? Are they migrating to services?
Germany is toast. Don’t believe these numbers. Heavy Industry is leaving Germany because the energy is too expensive and unreliable. BASF just announced they are moving their ENTIRE operation to Louisiana.
The Pope has a solution to this problem. Ban contraception.