Maintaining Growth in a Fast-Aging Asia
In past decades, Asian countries reaped a demographic dividend from a young, expanding workforce and strong growth policies. But the region is aging remarkably fast, and advanced and emerging economies alike are now at risk of growing old before ever becoming rich.
SINGAPORE – Asia has been the world champion of economic growth for decades, and this year will be no exception. According to the latest International Monetary Fund Regional Economic Outlook (REO), the Asia-Pacific region’s GDP is projected to increase by 5.5% in 2017 and 5.4% in 2018.