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demographic dividend

World faces "lost decade" of economic growth, says World Bank economist
Crisis Recovery

World faces "lost decade" of economic growth, says World Bank economist

The World Bank predicts that the global economy now faces a decade of lost growth, in part due to an older workforce and lower productivity. Is the way out of the looming doldrums to have a young population like Nigeria? Yes, but those countries will need help from wealthy nations to invest in things like education to reap the benefits of their demographic dividend, World Bank deputy chief economist Ayhan Kose tells GZERO's Tony Maciulis at the World Bank/IMF spring meetings in Washington, DC.

People are seen at a crowded market a day before the Hindu festival of Dussehra amidst the spread of the coronavirus disease (COVID-19) in Mumbai, India, October 24, 2020
Economy

Demography and destiny: blessing or time bomb?

Yesterday's key to success was a surge of energetic young people. But if there aren't enough job waiting for them, yesterday's blessing can become tomorrow's ticking time bomb.