Regional & Local Governments – Brazil: State pension pressures are rising amid rapidly ageing population
03 Oct 2019|Moody's Investors Service
Amid Brazil's ageing population, state pension costs are increasing, reflecting the structural imbalances caused by a low and declining ratio of active to inactive workers. Among rated Brazilian states, pension expenses rose to 18% of operating revenues in 2018, compared to 11% in 2011. In the absence of a structural pension plan reform, personnel expenses will continue to rise, weighing on the credit profiles of Brazilian states.
08 Oct 2019|Moody's Investors Service
UK and Canadian universities will face social risks from demographic trends and government policy, mitigated by more competitive student offerings and increased international enrolments.
Demographics - United States Rising female labor force participation and employment supports US economy, but gender gaps remain
10 Sep 2019|Moody's Investors Service
Higher female participation in the US labor force, coupled with increases in female employment and wages, enhances the growth potential of the US economy. But gender gaps in workforce participation and pay in the US remain wider than in other advanced economies.
Sovereigns – Europe: Downside risks to potential growth in 2020s limit upside in region's credit profiles
30 Jul 2019|Moody's Investors Service
The European Commission’s (EC) latest Ageing report is forecasting a marginal slowdown in the EU's potential economic growth rate from an already low level in the next decade. While declining labour input will start to weigh on potential growth in the EU from 2020, the EC’s Ageing report expects productivity and investment gains will largely offset this decline.
26 Jul 2019|Moody's Investors Service
In this podcast, we discuss how digital technologies could dramatically alter industry dynamics for many companies, as well as create challenges for governments in managing labor transitions, potential income inequality effects, regulatory regimes and cyber risk. Read the related report.
25 Jul 2019|Moody's Investors Service
Digitization is aimed at enhancing information processing and the quality of decision making while further automating routine tasks. Credit impact will depend on institutional effectiveness in promoting human capital development, fostering entrepreneurship and removing regulatory impediments to business formation.