ruchir sharma, a global economist for the fte. let me ask you about some of them. the first one you talk about is the baby bust. explain. fareed, one of the defining features of this pandemic has been upending the world, what the pandemic did is accelerate many trends that were already under way before 202. and one of those was the democratic shift we have seen, which is the worlds population and even population growth rate has been slowing down many years before the pandemic. you would have expected during the pandemic with people staying indoors, that they would be having more babies. instead, the evidence that s come in is that the demographic
the first one you talk about is the baby bust. explain. fareed, one of the defining features of this pandemic has been instead of upending the world, what the pandemic did is accelerate many trends that were already under way before 2020. and one of those was the demographic shift we have seen, which is the worlds population and even population growth rate has been slowing down many years before the pandemic. you would have expected during the pandemic with people staying indoors, that they would be having more babies. instead, the evidence that s come in is that the demographic decline, the decline in the world s birth rate accelerated during the pandemic. and that has major implication
The Chino Valley Fire District is turning into a daycare nowadays, with a total of 15 'quarantine babies' being born among the firefighter families over the past 12 months.