The Surprising Implications of an Aging Population

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  The world's demographics are changing.

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  Across all countries, and particularly developed markets, populations are getting old.

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  So what will global aging mean for our economic future?

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  I'm Alison Nathan, and this is Goldman Sachs Exchanges.

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  Today, I'm sitting down with my colleague, Kevin Daly,

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  co-head of the economics team covering Central and Eastern Europe,

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  the Middle East, and Africa within global macro research.

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  Kevin, welcome back to Exchanges.

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  Thank you very much, Alison.

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  Good to see you.

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  So, Kevin, you've done a lot of work around your Path to 2075 series,

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  looking at what the global economy could look like in 50 years from now.

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  And you recently released a report about global aging.

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  It's no secret that the global population is aging.

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  But first, give us the facts behind that.

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  What measure do you look at to determine this?

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  And what does it show?

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  I mean, Alison, however you measure it, the global population is aging.

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  If you look at median ages in developed economies, 50 years ago, the median age was 30.

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  Now it's 43.

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