S. Korea's Childbirth Keeps Record-low Trend In July
Sumaira FH 1 month ago Wed 23rd September 2020 | 02:19 PM
South Korea's childbirth kept a record-low trend in July, fueling worry about a so-called demographic cliff, statistical office data showed Wednesday
SEOUL, (APP - UrduPoint / Pakistan Point News - 23rd Sep, 2020 ) :South Korea's childbirth kept a record-low trend in July, fueling worry about a so-called demographic cliff, statistical office data showed Wednesday.
The record-low trend continued for 52 straight months. For the first seven months of this year, the childbirth reached 165,730, down 9.8 percent compared to the same period of last year.
The number of divorces grew 3.1 percent over the year to 9,787 in July.
The record-low childbirth raised concern about the demographic cliff, which refers to a sudden drop in the heads of household eventually leading to a consumption cliff.
The low birth rate has been a headache for the economy as it leads to the lower workforce amid the rapidly-aging population, which could drag down the country's growth potential.