The Asian Development Bank, via its latest Asian Development Outlook, is urging the Singapore government to spend more to spur domestic demand and rein in its current account surplus. But the latest population data shows just why the government remains cautious. The coming demographic challenge is getting more menacing by the year, with the world’s fifth-lowest birth rate after Monaco, Japan, Andorra and South Korea.
Singapore’s Birth Rate Continues to Decline
Singapore’s Birth Rate Continues to Decline
Singapore’s Birth Rate Continues to Decline
The Asian Development Bank, via its latest Asian Development Outlook, is urging the Singapore government to spend more to spur domestic demand and rein in its current account surplus. But the latest population data shows just why the government remains cautious. The coming demographic challenge is getting more menacing by the year, with the world’s fifth-lowest birth rate after Monaco, Japan, Andorra and South Korea.