Overview

• The IMF's 'Rise of the Silver Economy' report reveals that today's 70-year-olds have cognitive and physical capacities comparable to 50-somethings from decades ago.
• Global economic growth is projected to slow by 1.1 percentage points annually over the next 25 years due to ageing populations and falling birth rates.
• Governments are urged to raise pension ages, reduce early retirement benefits, and incentivize later retirement to address fiscal challenges and labor shortages.
• The report advocates for gender-equity policies, such as improved childcare and parental leave, to increase workforce participation and offset shrinking younger cohorts.
• With global population growth expected to halt by the end of the century, fertility rates in countries like England and Wales have already hit record lows, intensifying the need for long-term policy shifts.