New Delhi, Nov. 28 -- Global growth patterns are set to undergo a significant shift as countries experience different demographic transitions, according to a report by Ernst & Young.

While several economies continue to benefit from a young and expanding labour force, a large group of advanced economies (AEs) and other nations (latter group) are projected to see their populations age and shrink as a share of the global total.

This demographic divide is expected to reshape how growth is generated across the world.

In countries with ageing populations, growth is likely to be increasingly driven by advanced and new technologies such as Artificial Intelligence (AI) and Generative AI (GenAI).

The report stated "Growth in the latter group of...