Major Demographic Changes Await Us in the Next Decade
There are few topics that generate more anxiety than predicting the future, but that doesn't mean that it is impossible to do. By understanding the demographic trends that will shape the next decade, businesses and individuals can plan for the unexpected in a way that improves their chances of success. As the world continues to grow more complex, a number of population trends are set to play a role in the coming decade. In terms of sheer numbers, the global population is expected to reach 9.7 billion by 2030, up from 7.2 billion in 2015. In addition, the proportion of people aged 65 or older is projected to increase from 17% of the global population in 2015 to 29% by 2030. Economic growth is a pivotal driver of population growth, and the global economy is expected to continue to grow at a healthy rate in the coming decade. The World Bank forecasts that the global GDP will grow by around 3.5% each year between 2016 and 2030. The global workforce is also expected to expand rapidly in the next decade. By 2030, there will be more jobs than people looking for them, according to the World Economic Forum. This upward trend is due partly to the increasing demand for skilled labour, as well as the increasingly globalised economy