Juan Diego Caballero

Jan 29, 2024 | brookings.edu | Wolfgang Fengler |Juan Diego Caballero |Vijeth Iyengar

Because demographic shifts are incremental, gradual, and long-term, most people do not look carefully at new data until the change is so significant that they are forced to pay attention. Last year marked three demographic milestones: The global population topped ; India overtook China as the most populous country in the world; and China saw its first population decrease in decades.

Jul 25, 2023 | brookings.edu | Wolfgang Fengler |Homi Kharas |Juan Diego Caballero |Luís Miroto Simões

The continuous growth of the global consumer class is the biggest news that no one is talking about. Surprisingly, neither the global financial crisis, COVID-19, the war in Ukraine, nor high inflation have stopped the growth of the consumer class. Economic momentum in Asia and higher life expectancy everywhere mean that world consumers are countering even the most severe economic shocks in recent years.