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Aging Populations May Lead to Three-Fold Increase of OECD Government Debt Ratios by 2050 Mar 04
Standard & Poors, March 2004
Abstract
LONDON (Standard & Poor's) April 1, 2004--Aging populations will lead to intense pressure on the public finances of OECD countries if no structural reforms are enacted or if fiscal consolidation is not stepped up, Standard & Poor's Ratings Services said in a report published today. 'Sovereign ratings could come under strong pressure as early as the end of this decade unless governments start tackling this threat effectively,' said Standard & Poor's credit analyst Moritz Kraemer. According to the report, the debt ratio of the typical country would rise to 139% of GDP by 2050, from 47% in 2010, and fiscal deficits as a percentage of GDP would reach double-digit figures. Most of this deterioration is, however, to come only after...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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