Global growth patterns are set to undergo a significant shift as countries experience different demographic transitions, according to a report by Ernst & Young.
While several economies continue to benefit from a young and expanding labour force, a large group of advanced economies (AEs) and other nations (latter group) are projected to see their populations age and shrink as a share of the global total.
This demographic divide is expected to reshape how growth is generated across the world.
In countries with ageing populations, growth is likely to be…
