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World demographics continue to shift

  • World population grows from 7.3 billion today to 9.1 billion people in 2040 
  • India likely to replace China as the most populous nation by 2025
  • Working age population has already peaked in China; likely to remain flat in OECD nations but expand in other regions 
  • Africa’s population increases at the fastest rate across major regions
  • The share of people age 65+ gains significance, notably in OECD and China