This will have some long-term implications.
Source: The Visual Capitalist
As a rational optimist, I do believe that the vast majority of the 7.6 billion people in this world wake up each morning to build a better life for themselves.
The younger they are the stronger that desire.
This desire will fuel economic growth.
Countries with younger demographics will have a higher chance of above-average economic growth.
Older people simply do not consume as much as younger people (with the exception of healthcare services).
Where is Singapore in all of this?
Our median age is 41.7 years. https://www.population.sg/
So, are you invested in Africa yet?
Closer to home Vietnam and Philippines have very young populations too.
Curious to know whether demographics are a factor in your decision making when you decide where to invest?
Here is the rest of that graphic: https://www.visualcapitalist.com/mapped-the-median-age-of-every-continent/