Aging States – Economic Suffering Ahead?

The International Monetary Fund (IMF) has warned this week, in the latest World Economic Outlook report, that a number of developed economies – including Britain, Japan and the US – risk economic contractions as the balance of ageing populations hangs heavy against output generating ability. Highlighting that over coming decades the balance will swing such that working-age adults will need to support double the number of elderly people versus current levels has led the IMF to call on leaders of these nations to open borders to migrant labour to support domestic workforces (regardless of the consequences). The IMF specifically estimates…