World Bank: East Asia needs to deal with impact of ageing societies
Greying populations call for policy responses to the effects of shrinking workforces and waning growth, it says
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Tokyo
THE proportion of elderly people is rising faster in East Asia than anywhere else, and this is a trend that could rob the region of up to 15 per cent of its working-age population within 25 years, the World Bank warned in a report on Wednesday.
The economic, fiscal and social impact of this on what is currently one of the fastest-growing regions of the world could be severe unless steps are taken to deal with the situation, the report added.
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