And what does the future hold for countries whose fertility has fallen below the replacement level? If the national rates remain close to the replacement (no lower than 1.7; France and Sweden were at 1.8 in 2019), then there is a good chance of possible future rebounds. Once they slip below 1.5, such reversals appear increasingly unlikely: in 2019, there were record lows of 1.3 in Spain, Italy, and Romania, and 1.4 in Japan, Ukraine, Greece, and Croatia.
