Global

Details

  • Industry: Government & Public Sector
  • Type: White paper
  • Date: 1/21/2013

Long-term considerations 

Long-term considerations
Even once current fiscal pressures subside, many of the G20 countries will find no respite due to the challenges created by:

Intergenerational impacts: All evidence suggests that another wave of fiscal stress has started, the result of budgetary pressures caused by intergenerational aging which, in turn, will further heighten the need for sustained fiscal policy action (such as budget management and the restoration of balance sheet health) over the next 40 years.


Global economic interconnectedness: As economies become increasingly interconnected, slow growth outlooks within any sizable portion of the world economy will inevitably lead to fiscal challenges in other jurisdictions. But as the balance of trade shifts to the developing world, our research suggests it is the developed world economies that are creating the most significant government debt challenges.


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