The End of a Growing Consumer Base...And the Beginning of the Decline

Econimica:



In 1960, the core population (25-54yr/olds) of the OECD nations (US, Canada, Mexico, Chile, most the EU, UK, Turkey, Israel, Japan, S. Korea, Australia, NZ) was a couple million larger than the combined core of CRB (China, Russia, and Brazil).  Since that time, OECD population growth has slowed to a crawl and it was CRB's growth that drove the global consumer base to new heights.  However, 2017 is a monumental year when those counting will notice something missing...growth.  A simple count of the core populations in the nations that consume over 70% of earths crude oil and nearly 80% of all global exports shows that the core populations of the OECD and the combined CRB begin outright shrinking as of 2018 (chart below).



Cont....