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Global spending needs will undermine austerity call

Location:

INT

The IMF urges “decisive fiscal consolidation” to guard public budgets and rebuild buffers, but spending needs will rise

Wealth shifts across ages will exacerbate inequalities

Location:

INT

Huge wealth transfers from those currently over 60 to the under-60s in the coming decades will have broad implications

US Democrat worries rise about young voter support

Location:

UNITED STATES

With the election less than a year away, lower youth turnout is a concern

Demography could time-limit China's ascendancy

Location:

INT

Sizeable economic and population shifts will occur among the largest economies in coming decades

This downturn will be more job-rich than past slumps

Location:

INT

Employment recovered far faster from the pandemic global recession than past crises, and remains historically strong

Little scope for much-needed rise in budget spending

Location:

INT

High demands on increasingly strained public budgets are fuelling fiscal sustainability fears and bond market sell-offs

COVID-19 will hold back longer EU life expectancy

Location:

EU

The COVID-19 pandemic interrupted the trend adding years to average life expectancy, especially in the eastern EU

Rising Argentina poverty brings long-term challenges

Location:

ARGENTINA

Urban poverty rose from 40.1% in the first half of 2023 to 41.7% in the second, with indigence up from 9.3% to 11.9%