2019 Considered…Macro Population Cycle & Business Cycle Turning Down Together?
So, let’s examine the primary fuel source available in 2019…the growth among the 0 to 69yr/old global consumer population. The blue line in the chart below shows the total 0 to 69yr/old population which includes the potential working age population (20 to 69yr/olds?) and child bearing population (15 to 45yr/olds) versus the annual change in that population (red columns). Astute chart watchers will note that population growth has decelerated by 30 million annually, a 75% reduction, since the 1988 peak. 2025 is the year growth ceases entirely and by 2035 this population is estimated to be declining by <10> million annually.
Consider that upon the completion of every business cycle since 1960 and onset of recession, (highlighted by the blacked out columns in the chart below), there was still significant growth (fuel) among the global consumer population. That population growth coupled with the Federal Reserves rate cuts and federal governments stimulus restarted not just domestic but global economic growth. The macro population cycle among the global high/upper middle income nations consumer base expanded anywhere from 30 to 40 million persons annually from 1960 through 1990, but growth slowed to about 20 million annually from 1995 though 2015.
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