World Economic Forum special report: Contents
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Gabriel Stein Director and chief international economist Lombard Street Research |
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Labour forces, and soon populations, are starting to shrink in most advanced economies, for the first time since the 1930s. In some – notably Korea, Japan, Germany and Italy – this is well under way. Imminent retirement of the baby-boomers – the 1946-64 generation – is the proximate cause. Of course, only the first cohort is 60-plus, close to the retirement age of 65.
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