Asia-Pacific ETP News
you are currently viewing:Korea's Rapid Aging Doesn't Have to Be Economic DestinyApril 3, 2025--Boosting AI adoption, increasing labor participation, and allocating resources more efficiently can help offset the economic drag from an aging population The country also is aging more rapidly than almost all others. That's likely to reduce the labor supply and weigh on investment demand, further lowering growth and diminishing living standards. Aging could shrink the labor force by more than a quarter by 2050, leading to an average annual decline of 0.67 percentage point in potential growth, according to our latest Article IV report. Source: IMF |
Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms
March 25, 2024--Combining overhauls in areas including business and external regulation, governance, and human development can boost output levels by 3 percent over four years.
Southeast Asia's major economies have made major strides over the last couple of decades.
