This is ultimately a good thing. Few seem to appreciate the extent to which our standard of living is dependent upon a growing population.
On a related note, I'm wondering whether today's high current unemployment rates will create a mini baby boom. One often hears stories of hospital birthing wards being full nine months after a major blizzard or snow storm. Will the fact that more unemployed spouses are stuck together at home all day result in the same thing, or will the desperate economic times cause people to be more careful about birth control or abort more babies?
UPDATE:> Charles Sizemore has some related thoughts.