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Age well, but grow the population too for a vibrant Singapore

Migration and encouraging seniors to remain economically active will help to boost Singapore’s growth prospects

Leslie Yee

Leslie Yee

Published Tue, Aug 15, 2023 · 04:03 PM
    • As the population ages, adding more migrants can help ensure Singapore remains economically vibrant.
    • As the population ages, adding more migrants can help ensure Singapore remains economically vibrant. PHOTO: BT FILE

    ALARM bells are ringing over China’s longer-term economic growth prospects because of weak demographics. Early this year, China reported its first population decline in six decades. In 2022, China’s population shrank by around 850,000 to 1.41 billion people. 

    India has overtaken China as the world’s most populous country, the United Nations indicated.

    As its population declines and rapidly ages, concerns mount over whether China’s economy will stagnate, thereby making China assets unattractive for investors.

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