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Chill. Its been happening for a while and will continue at a gradual rate.
80-85 and 95-00 there were some pauses, but otherwise the rest of the world has been relentlessly growing.
EU/US becoming
relatively less wealthy.
Its why I always tell people- find a culture/location you enjoy and stick with it.
Barring unforseen circumstances (war, natural disaster) there's a good chance it'll be nice and developed by the time you're older.