Economies that escaped from Communism more than three decades ago are at risk of falling into a downward spiral if older voters and political leaders prevent the changes needed to offset the hit to growth from aging populations, the European Bank for Reconstruction and Development warned.
The graying of the population is a headwind for economic growth and a driver of rising government debts around the world, but is particularly acute in parts of Europe that had been led by Communist parties until the late 1980s and early 1990s.
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