East Asia’s aging working populations could shrink 15 pct by 2040 – World Bank
Middle-to-high income economies in East Asia could lose as much as 15 percent of their working-age populations by 2040 due to rapidly greying demographics, weighing on economic growth and adding to government spending, the World Bank said on Wednesday. East Asia is aging faster than any other region in history, the bank said in a report, which found 36 percent of the world's population aged 65 and over, or 211 million people, live in the region, the largest share among all regions. "Very fast drops in fertility rates, coupled with rapid extensions of life expectan
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