From Red to Gray: The “Third Transition” of Aging Populations in Eastern Europe and the Former Soviet Union
Source: World BankFrom press release:
By 2025, many countries in Eastern Europe and the former Soviet Union will have populations that are among the oldest in the world, posing a threat to the region’s recent economic success if pension and health care reforms are not adequately tackled and policies are not put in place to promote productivity growth.
Across the world, aging societies run the risks of severe economic consequences. Still, the Eastern Europe and former Soviet Union, comprising some 28 countries from Russia to Albania, is the only region in the world facing the combined challenges of rapid aging, relatively poor populations and an incomplete transition to mature market economies, according to a new World Bank report. For these countries, the problems are heightened by their need to simultaneously accelerate their economic transition and to urgently undertake longer-term reforms addressing demographic consequences….
