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Demographics causing demand woes: Krugman

Prof Krugman's best guess as to the cause of weak global demand is an ageing population. Working-age populations have been falling in Japan since the late 1990s and in recent years, Europe.


AS bond yields around the world go lower, Nobel Prize-winning US economist Paul Krugman sees no end in sight.

"It's very hard to see, there's nothing on the horizon that will lead to strong demand," he told the media on the sidelines of an economic and business forum