Experts warn declining birth rates pose threat to Asean’s economic growth

Ageing Population News

Experts warn declining birth rates pose threat to Asean’s economic growth
Birth RatesAseanSoutheast Asia
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PHNOM PENH, Jan 26 — A big concern lurking in the background of Asean’s economic prosperity, besides climate change, is declining birth and fertility rates that could disturb...

A big concern lurking in the background of Asean ’s economic prosperity, besides climate change, is declining birth and fertility rates that could disturb its growth prospects. — Bernama picas a first-time user . Exclusively for Malay Mail readers: Use codePHNOM PENH, Jan 26 — A big concern lurking in the background of Asean ’s economic prosperity, besides climate change, is declining birth and fertility rates that could disturb its growth prospects.

According to the “Asean Key Figures 2023” report, Asean is the third-most populous region in the world, following India and China. “Singapore, Thailand, Vietnam, and Malaysia are all experiencing demographic shifts due to ageing populations,” he told Bernama in an email interview. By 2030, one in four Singaporeans will be 65 or older, while Thailand expects 25 per cent of its population to reach this age by 2040. Vietnam is on a similar trajectory, with nearly 30 per cent of its population projected to be 60 or older by 2050.

“A decrease in TFR, for a certain period, could foster economic growth because it leads to a reduction in the proportion of children and an increase in the proportion of the working-age population.

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