Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - Ageing impacts growth: QNB  Join our daily free Newsletter

MENAFN - The Peninsula - 02/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Ageing population has a direct impact on economic performance, fiscal policy and asset allocation. It is also a critical indicator for long-term financial sector developments, said QNB weekly report yesterday



When comparing the growth rates of advanced economies, many commentators often forget that Europe and Japan have a larger percentage of their population above the age of 60



According to a recent UN study, between 2010 and 2050 about 1.25 billion people will be added to the global population aged 60 plus, while the number of people under 25 is projected to hold steady at three billion. This implies that an increasingly smaller share of the population will be working, the so-called support ratio, while older people will depend on public transfers, their children or their own assets to sustain their old-age consumption, the report said.



Declining support ratios are already an acute problem in countries like Germany, Japan and Spain. These countries all experienced a baby boom after World War II.



As that generation is now retiring, the support ratio is falling rapidly. According to a 2011 International Monetary Fund (IMF) study, declining support ratios in these countries are expected to depress economic growth by an average 0.7 percentage points a year over the next four decades




Declining support ratios will also be a problem in China, albeit somewhat later in time. As part of the one-child policy, China experienced a significant decline in the average fertility rate between 1979 and 2009. As a result, its support ratio has started to decline recently and will become more acute as the population born prior to 1979 starts to retire.



The IMF estimates that the overall impact on the Chinese economy will be lower average growth rate by 0.4 percentage points a year between 2012 and 2050.



The biggest policy challenge of declining support ratios is how to pay for old-age consumption. In countries with well-developed pension and social safety nets, governments are increasingly seeing a larger proportion of their expenditures devoted to pension benefits for older people.


 


The Peninsula




  MENA News Headlines
 Jul 26 2016 - A mouth full of crickets? Lobbyists speak up for edible insectsThe Peninsula
(MENAFN - The Peninsula) By Bradley Saacks At the Oyamel Cocina Mexicana in Washington, metal butterfly mobiles hang from the ceiling and bugs are on the menu. The chapulines tacos are jammed ...

 Jul 26 2016 - Damac's AIPO villas totally sold outMENAFN
(MENAFN) Damac Properties announced that villas in its Akoya Imagine Phase One Dubai, has been sold out, and said that the launch of the second phase is to set to start by the end of July.In detail, ...

 Jul 26 2016 - Sales of European cars in Egypt is led by Opel AstraMENAFN
(MENAFN) A report by Daily News Egypt has stated that, Opel Astra has kept its position leading sales of European cars in Egypt in Q1, registering sales of 1,776 units worth USD 49.5m.Additionally, ...

 Jul 26 2016 - TDIC picks Jawaher Saadiyat for Al Jaber building projectMENAFN
(MENAFN) Abu Dhabi-based Tourism Development & Investment Company (TDIC) has chosen Jawaher Saadiyat, a residential community, to construct Al Jaber Building.TDIC, the master developer of major ...

 Jul 26 2016 - Empower supports green economy strategy in UAEMENAFN
(MENAFN) Emirates Central Cooling Systems firm (Empower), the world's largest district cooling services provider, will back the State of Green Economy Report 2017 for Dubai Carbon as its platinum ...

 Jul 26 2016 - Epico reveals new office in Abu DhabiMENAFN
(MENAFN) Emirates Property Investment Company (Epico), the property and facilities management arm of Al Fahim Group, has launched its new office in Abu Dhabi.In detail, the office is located in the ...

 Jul 26 2016 - Wasl group completes artistic projectMENAFN
(MENAFN) Wasl properties, a subsidiary of wasl Asset Management Group, has finished work of a large art project, which will turn the facades of Karama Shopping Complex in Dubaiinto an open street art ...

 Jul 26 2016 - Saudi Al-Khodari faces net loss in Q2MENAFN
(MENAFN) Saudi construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it swung to a net loss in the second quarter due to a decrease in earnings.In detail, the company suffered a net loss ...

 Jul 26 2016 - Enhancing radiation safety, IAEA signs two practical arrangements with Russian regulatory authoritiesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) VIENNA, 26th July, 2016 (WAM) --The IAEA is to cooperate with Russian authorities in the enhancement of the country's national radiation safety standards ...

 Jul 26 2016 - 43 establishments closed by ADDED in Abu Dhabi and Al AinEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th July, 2016 (WAM) -- Abu Dhabi Department of Economic Development, ADDED, has closed 43 commercial establishments in Abu Dhabi and Al Ain in ...

more...


 





Google

Easy Forex

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help