dstig1
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Well it is a projection and that means they look at past behavior and try to extrapolate it forward. Like every Wall St. ad says "past performance is no guarantee of future performance"... That said, I think they looked at EXACTLY what you are saying. More and more of the world is developed. What was 3rd world 40 yrs ago is 2nd or first now. So the projection would include the changes in behavior regarding birthrates expected as those places like India develop and advance.
So is it correct? Dunno. We'll find out in 50 yrs... But they tried to predict what will happen based on historical data. Not much else one can do... Your graph stops at 2000. A lot has changed already this century and one thing I had read on this was how surprised the researchers were in how quickly birthrates had slowed down in many places in recent years. COVID had a significant impact on births too with a sudden step change from that.
So is it correct? Dunno. We'll find out in 50 yrs... But they tried to predict what will happen based on historical data. Not much else one can do... Your graph stops at 2000. A lot has changed already this century and one thing I had read on this was how surprised the researchers were in how quickly birthrates had slowed down in many places in recent years. COVID had a significant impact on births too with a sudden step change from that.