Why does the economy need to continue to grow, especially in countries such as Japan where population is declining?

Question

Why does the economy need to continue to grow, especially in countries such as Japan where population is declining?

In: 56

Answer 1

It only needs to grow if you are in a debt growth pattern, borrowing from the future to pay for now if that makes sense. It’s inevitable that these will crash eventually, but that can will be kicked down the road for a long long time.