Japan's fertility rate is 1.2 and South Korea's is 0.7, while China is 1.0 and India is 1.9 (20 years ahead of projected 2050-60 schedule), meaning the two most populous nations are not replacing population and will experience guaranteed workforce shrinkage regardless of policy interventions.
factualpending
Speaker
Jeremy GranthamEvidence Quote
“their fertility rate is 1.2...South Korea is 0.7...China is 1.0. Um, India...1.9...It is the two biggest countries in the world are not replacing. It is guaranteed that the the population will crash.”
Source
Jeremy Grantham on why this market will fall by 50% but nobody will warn you— Behind the Balance SheetCreated: 8/12/2026, 5:57:13 PM
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