The rapid ageing of societies is raising concerns about the future of the global economy. As millions of older people leave the workforce, how will economies adapt to these demographic shifts? Countries across the globe are grappling with the potential implications of a dwindling working-age population, which could lead to slower economic growth and increased pressure on social services.
By 2050, the number of people aged 65 and above is set to rise to 1.6 billion globally. This demographic trend poses challenges and opportunities for economies as the aging workforce could theoretically enhance productivity or present hurdles in maintaining economic momentum.
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