Populations are getting older around the world—that’s no surprise in light of declining fertility and improvements in health care. But in many countries, something more dramatic is going on—the population is actually shrinking. These demographic developments portend stark fiscal challenges. What should countries—whatever their degree of economic development—do to respond to these challenges?
Filed under: Advanced Economies, Economic outlook, Economic research, Emerging Markets, Employment, Financial Crisis, Fiscal policy, IMF, International Monetary Fund | Tagged: economic development, health care, life expectancy, public debt, public finances | Leave a comment »