I've found a new projection of labor force in Japan between 2010 and 2050. It says that the rate of labor force participation will be decreasing together with the depopulation of Japan. This means that the level of labor force will be falling much faster than it was used in my recent prediction. Considering the multiplication factor of 1.4, the rate of CPI inflation will reach -1% per year on average in 2020. By 2050, it will reach almost 2% per year (1.89%). The overall drop in consumer prices will be more than 2/3 by 2050. This fall will be accompanied by the decrease in real GDP at a rate of 1% per year and the debt rise to 500% of GDP.
Subscribe to:
Post Comments (Atom)
-
These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot... -
These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
-
This paper "Gender income disparity in the USA: analysis and dynamic modelling" is also of interest Abstract We analyze and deve...
No comments:
Post a Comment