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Demographic trends will shape economic prospects

Location:

INT

Transforming the world economy by 2040, working-age population growth will come almost entirely from lower-income states

Workforce shrinkage will not inevitably push wages up

Location:

INT

Potential workforces are shrinking as populations age and labour participation falls or stagnates in major economies

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

Overcoming the ‘middle-income’ trap is getting harder

Location:

INT

Population ageing makes it harder for the major emerging markets (EMs) to overcome the so-called ‘middle-income’ trap

Emerging markets growing old faster than growing rich

Location:

INT

Emerging markets are ageing at lower incomes than advanced markets, a policy challenge that will influence GDP prospects

Redistribution is key to the future of the workforce

Location:

INT

Technology will raise productivity and living standards; redeployment rather than fear of unemployment must guide policy

Public health is low priority in Central Europe

Location:

CENTRAL EUROPE

East European OECD countries underperform on life expectancy, premature death and health risks; health spending is lower

Worker shortages and skills mismatches will hit growth

Location:

INT

High youth unemployment and rising worker retirements are straining labour markets and productivity

Some may escape EU joblessness in tertiary education

Location:

EUROPE

High tertiary education rates in unemployment blackspots will not necessarily mean a more highly skilled workforce later

Weak long-run growth raises risks to the world economy

Location:

INTERNATIONAL

Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity