by: Dick Stroud
The International Monetary Fund estimates that the G 20 nations will, as a result of the recession, have increased their national debts by an average equivalent to nearly 25% of gross domestic product between 2007 and 2014. That is a lot of money.
This factlet is taken from a long and detailed article in today’s FT. It is hard to come to grips with the enormity of the effects of ageing on the world’s major economies.