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World Economic Outlook Chapter 2: The Rise of the Silver Economy: Global Implications of Population Aging

As the global population ages, economies worldwide are experiencing significant demographic shifts with profound implications. Chapter 2 explores the rise of the ＂silver economy,＂ focusing on the extent of healthy aging and its impact on labor markets, the broader economic implications of demographic changes, and the role of targeted policies in mitigating the adverse effects of aging. The analysis reveals that while population aging poses challenges such as slower growth and increased fiscal pressures, healthier aging trends offer a silver lining by boosting labor force participation, extending working lives, and enhancing productivity. The chapter underscores the importance of policies that support healthy aging, increase labor force participation among older individuals, and close gender gaps in the workforce. By leveraging these strategies, countries can harness the potential of the silver economy to boost growth and rebuild fiscal buffers amid demographic headwinds.

IMF 2025.04.21

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