The Economic Outlook - Datasketch Newsletter #33 | Datasketch
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The Economic Outlook - Datasketch Newsletter #33

Economy | Sustainability | Aging

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From reuse, reduction and recycling of materials to the aging of the working population. These are different scenarios of the economy, but they lead us to rethink production, distribution and sustainable consumption, not only because of the natural resources we use, but also because our productive age is limited. It is essential to find balances that drive innovation, ensure prosperity and preserve the planet for future generations. These are facts and they need to be given in this issue. Take a look!

The circular economy seen at 360°

Colombia’s national statistics institute, DANE, teamed up with the regional platform that promotes inclusive recycling, LatitudR, to materialize the Circular Economy Information System (SIEC). This system represents a space in which efficient production and consumption concepts are addressed, focusing on the reduction, reuse and recycling of materials.

The visualizations, repositories and data exploration provided by Datasketch to the SIEC make it possible to learn about sustainable business models through regulations, international indicators, statistics, the information system and reports. It is a commitment to promote the circular economy with information available and easy to understand thanks to the possibilities of interaction with various interfaces.

♻️ Take a tour of the project

The challenges that come with age

The working-age population is aging and this may affect economic growth, according to an article in The New York Times. While richer countries will contribute less to global GDP as a result, low-income countries in South and Southeast Asia, Africa and the Middle East will lead in the number of people of working age. This aging also brings challenges in pensions, retirement age and immigration policies to welcome more able-bodied people to work.

According to experts, new geopolitical balances of power come with the shift in economic growth. However, having more available workers does not guarantee enough jobs or economic growth. Moreover, rich countries will be able to enjoy the economic benefits of growth for many years to come. The direction each country takes will depend on its policies.

In addition, more people are retiring than starting to work. The new generations have fewer children and do not compensate for the growing number of retirees, shows The Washington Post. Some older people continue to work to survive and cover the cost of long-term care for their illnesses, which their caregivers must also bear. Data journalism evidences these challenges, and it is on our side to use the information to take action as a society. 💡

On the radar

As usual, we make this newsletter with lots of love. 💌 Thanks for making it this far. Feel free to spread the word!