"That demographics will cease to be a positive for China’s economic growth and start to have a negative impact is an issue of great concern to local analysts and economists and has sparked fears the nation will grow old before it grows rich," said Nomura Economist Richard Koo in a new note to clients…. The dependency ratio generally relates the number of people in the labor force to those who are too young or too old to work. (via Business Insider)
At a former butcher’s shop, stickers applied to the windows show a packed meat counter and give the impression that business is booming. Across the street, another empty unit has been given a makeover to look like a thriving office supply shop.
Locals are unimpressed.
Local councils in Northern Ireland have painted fake shop fronts to hide the economic hardship being felt in towns and villages near the golf resort where G8 leaders will meet this month.
Northern Ireland’s government has spent 2 million pounds tackling dereliction over the past two years. Almost a quarter of these funds were freed up in anticipation of Britain hosting the annual Group of Eight (G8) summit on June 17-18.
A dog stretches during his walk in front of a fake shop in Belcoo, Ireland on June 3, 2013. REUTERS/Cathal McNaughton
Greece’s February unemployment for young persons rose to 64 percent in February. In the early stage of their working lives, unemployed youths are limited by a recession which will take years to recover from. The average unemployment in Greece, of all ages, is around 27 percent. What would you do? Photo: REUTERS/John Kolesidis