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Older, sicker population could spell peril for economy

It is estimated that in the next 28 years about half of Barbados’ population will be over the age of 65, and one development management specialist is warning that this could be devastating for the economy and its pension scheme. Also worrying she said, is the fact that non communicable diseases could potentially remove people from among the workforce earlier than anticipated.Diane Quarless, Director at the Economic Commission for Latin America and the Caribbean (ECLAC), said it was critical fo...
United States Trinidad And Tobago Derek Osborne Diane Quarless Kark Theodore Centre For Health Economics

Pension crisis looms - Barbados Today

Barbadians and other Caribbean nationals could face having to pay higher pension contributions and receive reduced pension if drastic reforms are not urgently implemented to the region’s national security schemes to solve the issue of an ageing population and lower birth rates.This was one of the observations coming out of the Caribbean Economic Forum on Thursday evening, hosted by the Central Bank of Barbados on the topic “Solving the Ageing Population Crisis in the Caribbean”.Derek Osbor...
Antigua And Barbuda United States Trinidad And Tobago Derek Osborne Diane Quarless Kark Theodore

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