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Aging The US population creates "difficult" problems for the economy

The long-term risk of slowing population growth "poses particular economic challenges," said David Kelly, chief global strategist with JPMorgan Funds, in a recent report. He is concerned that policemen are not addressing the problem, which can damage the market, especially if some of President Trump's proposed "merit-based immigration" plans and increased border security are adopted.

Kelly will talk about this, as well as Other factors affecting the markets and the world economy, with CNN Business editor-on-great Richard Quest on "Markets Now" live show Wednesday at 12:45 ET.

Kelly said the combination of retirees and lack of working age Americans creates a problem that "is particularly difficult for the economy." He added that this trend should "continue through the 2020s".

Therefore, Kelly recommends that the United States "probably have a serious call to temporarily increase, rather than reduce immigration, at least when the baby boom goes to retirement."

"This would allow us to supply the economy with additional workers to match the inevitably rising number of followers," he said.

Slimming American Growth Likely as Population Age

Kelly noted that there are many other issues that the US must contend with because of these demographic changes ̵[ads1]1; another reason why the government should work to reduce both trade barriers and the level of the dollar to help US companies gain access to ever-expanding markets abroad. "

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US investors need to prepare for earnings growth to slow down, bond yields continue to fall and for returns to be generally lower, Kelly says. And he believes the demographic trend will hurt the job market.

"Home-building and automatic sales won't be the boom industry as They have usually been in a strong economy earlier, "Kelly said, adding that" there will be an ever-increasing spread of AI and robotics in economics to compensate for the lack of workers. "

That's why Kelly believes that a common vanilla strategy to focus on strong US growth will generally yield disappointing results. He argues that investors need to" benefit from faster growth overseas, especially in emerging markets facing less of a demographic challenge. "

" Markets Now "streams live from the New York Stock Exchange every Wednesday at 12:45 ET Hosted by CNN's business correspondents, the 15-minute program presents fierce expert comments.
You can see "Markets Now" at from the desktop or on the phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter delivered to your inbox each afternoon.

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