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The fastest shrinking countries in the world declining populations Business Insider

A new report from the Financial Times says that Italy is facing a demographic crisis caused by low birth rates and decreased migration. But Italy is not alone in its struggles with a shrinking population.

According to the Financial Times, Italy's birth rate has fallen to 1.32 children per women, far below the 2.1 children needed to maintain a stable population over time. The article cites experts arguing that young Italians lack confidence in the future economic direction of the country, and are forgoing childbirth out of concerns that they won't be able to have the resources needed to raise kids.

Image: Italy's population is projected to fall 10% in the next three decades. Associated Press