Fitch ratings agency highlights threat of aging population time-bomb

By Agence France-Presse
Monday, January 21, 2013 8:23 EST

Many advanced economies will be threatened by another, long-term fiscal shock unless they tackle the problem of ageing populations, the ratings agency Fitch warned on Monday.

“Whilst a successful resolution of the current fiscal crisis remains the most important driver for many advanced-economy ratings, without further reform to address the impact of long-term ageing these economies face a second, longer-term fiscal shock,” a Fitch statement said.