By Monica Johnson, International Banker
Traditionally, economists and policymakers have focused on a fairly fixed set of determinants of economic growth, such as investment, consumption, unemployment and trade. More recently, however, the powerful, long-term theme of population ageing has steadily moved to the forefront of macroeconomic thought. From Japan to the United States, and from Europe to ...
The article presents a stark warning about the impact of population aging on various economies. The trend towards an aging population is leading to declines in working-age populations, which in turn is straining public finances and reducing economic growth potential. However, there are opportunities to harness the benefits of healthier, longer lives and adapt labor markets accordingly. Notably, countries like India, with a significantly younger population, are currently experiencing a "demograph...