The world is graying at a break-neck pace and that’s bad news for the global economy.
By 2020, 13 countries will be “super-aged” — with more than 20% of the population over 65 — according to a report by Moody’s Investor Service.
That number will rise to 34 nations by 2030. Only three qualify now: Germany, Italy and Japan.
“Demographic transition … is now upon us,” warn Elena Duggar and Madhavi Bokil, the authors of the Moody’s report.
“The unprecedented pace of aging will have a significant negative effect on economic growth over the next two decades across all regions.”
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Chosen excerpts by Job Market Monitor. Read the whole story at World will have 13 ‘super-aged’ nations by 2020 – Aug. 21, 2014.
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