We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Curse of population aging

25 0 0
14.01.2020
Nation should not waste time in minimizing ill effects

The low birthrate and rapidly aging population have combined to pull down the nation's real interest rate significantly. According to a report released by the Bank of Korea, Monday, the real interest rate ― nominal interest rate minus inflation ― plunged from 9 percent in 1995 to 0.4 percent in 2018. The report noted that one-third of the fall was due to the plunging birthrate and the graying of society.

The finding is hardly news. Everyone knows population aging pulls down consumption and........

© The Korea Times