Macquarie Says Impact of Global Aging Is Set to Intensify And Decrease Growth

Few took notice the last time the world began noticeably aging. That was in 2011 when the first baby boomers reached the age of 65, according to Macquarie, but nations and markets had their hands full fighting off the global financial crisis of 2008. Effects of the demographic shift will begin to appear more apparent this year, with consequences for growth, interest rates and equities due to global aging.

The effects of the global aging are poised to be particularly severe in the world’s major economies – the U.S., China, Europe and Japan, which together account for about...