Global Ageing 2010: South Africa
The report analyzes the impact of an aging population on South Africa's economy and credit ratings by 2050.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: |
Standard And Poor's |
| Authors: | Marko Mrsnik, Christian Esters |
| Time horizon: | 2010 |
| Geographic focus: | South Africa |
Methods
The research method involved demographic and economic projections, fiscal simulations, and scenario analysis using data from the UN, OECD, and IMF to assess the impact of aging on South Africa's economy and creditworthiness.
(Generated with the help of GPT-4)
Key Insights
This report by Standard & Poor's assesses the economic and fiscal implications of South Africa's aging population by 2050. It projects an increase in the elderly population and related spending, which could raise net government debt to 93% of GDP in the base-case scenario. Alternative scenarios, including a balanced budget by 2016 and freezing age-related spending, suggest different outcomes for debt levels. The study is part of a global analysis and uses data from the UN, OECD, and IMF. It also discusses the potential effects on South Africa's sovereign credit ratings.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2010 time horizon | 2010s time horizon | English publication language | South Africa geographic scope | ageing | aging population | demographic trends | economic growth | fiscal policy | general | global | government debt | health care | pensions | policy reforms | public expenditures | sovereign ratings