An ageing population isn't the reason for stunted economic growth - austerity is
Publisher: Equal Times
Date Written: 05/06/2015
Year Published: 2015
Resource Type: Article
Cx Number: CX17659
In the 2015 World Economic Outlook, for example, the IMF says: "Potential employment growth is expected to decline further in advanced and emerging market economies compared to pre-crisis rates. This is a result of demographic factors negatively affecting both the growth of the working population and trend labour force participation rates."
But the reality is somewhat different. The IMF analysis is based on 16 countries that excludes more than one billion people from the African continent where half of the population is either 20 years of age or younger.