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Why are aging populations called a 'ticking time bomb'?
Aging populations are considered a 'ticking time bomb' because they lead to a shrinking workforce, increased healthcare costs, and pension system strains. As more people retire and fewer young workers enter the labor market, economies face potential slowdowns and financial pressures that could destabilize social systems.
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How will demographic shifts affect Europe’s economy?
Demographic shifts, especially declining birth rates and an aging population, threaten Europe's economic growth. Fewer working-age individuals mean less productivity and innovation, which can lead to lower GDP growth and increased public spending on healthcare and pensions, putting pressure on government budgets.
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What can countries do to address population decline?
Countries can implement policies to boost birth rates, such as family support programs, parental leave, and affordable childcare. Extending working lives through pension reforms and encouraging migration are also strategies to counteract shrinking populations and maintain economic stability.
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Is population growth slowing a threat or an opportunity?
While slower population growth poses challenges like labor shortages, it can also be an opportunity to focus on productivity, innovation, and sustainable development. Countries that adapt effectively can turn demographic changes into a chance for economic renewal and social reform.
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How does aging affect healthcare systems in Europe?
An aging population increases demand for healthcare services, long-term care, and age-related treatments. This puts pressure on healthcare infrastructure and funding, requiring reforms to ensure quality care while managing rising costs.
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What role does migration play in solving demographic issues?
Migration can help offset population decline by bringing in younger workers and supporting the labor market. However, political resistance and integration challenges can complicate this solution, making it a complex but potentially vital part of demographic strategies.