Global Fertility Rates Plummet, Sparking Concerns of Population Decline

Developed and developing nations alike face unprecedented drops in birth rates, threatening economic stability and demographic balances.

Countries like India, China, and the Philippines are experiencing dramatic declines in fertility rates, with some dropping below the population replacement level of 2.1 children per woman.
Australia's fertility rate has reached a record low of 1.5, attributed to high housing costs and economic insecurity, mirroring trends seen in other developed nations.
Demographers warn that once fertility rates fall below 1.5, as seen in countries like South Korea, it becomes challenging to reverse the trend.
Rising ages of parents and a shift in societal attitudes towards smaller families contribute to the global decline in birth rates.
Economic implications of declining birth rates include reduced workforce size and potential challenges to economic growth, prompting calls for policy interventions.