Demographic growth in Asia set stop by 2050, according to IMF officials. If correct, major changes in either immigration are in order, or a restructuring of regional (and domestic) economies. Story here.
Interesting tidbits:
“Asian policymakers could tackle such demographic challenges through reforms to curb health care and pension system costs, providing tax incentives to raise labor force participation, and compiling credible medium-term fiscal plans to ensure debt sustainability…
“Experience shows that it is important to adapt fiscal policies before aging sets in. This should occur at a gradual pace in order to spread the burden across generations and to avoid policy reversals,” [Sanjeev Gupta, deputy director of the IMF’s fiscal affairs department] said.