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Macroscope

Daily insight on the hottest topics in the global economy, central bank policymaking and international trade flows, putting developments in their perspective for a China-oriented audience.

Elderly people exercising outside a temple in Tokyo. Japan is the world’s most aged country with an old-age dependency ratio of 43.3 per cent at the end of 2015. Photo: AFP

Asia’s economies are facing a grey future

“Asia remains the growth champion of the world,” the International Monetary Fund (IMF) said last week, but in the medium term there’s a large grey cloud on the horizon. Asia is fast getting old and the harsh reality is that it could do so before it gets rich.

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