Riding out a rough patch

One demographer predicts the developed world will start roaring again in eight years, with Australia to be the fastest growing economy.

Summary: One demographer is predicting that the developed world is going through a rough patch, but will start booming again after 2023, with Australia set to be the fastest growing economy. This projected growth is due to a high immigration rate, which means Australia has a high proportion of adults aged in their 40s to early 50s, the bracket when personal spending is highest.

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