France faces deeper pension deficit as population ages
France is on track to run a larger-than-expected pension deficit from 2045 as falling birth rates and an ageing population put increasing pressure on the country's retirement system, according to the body that monitors its sustainability. The French Pensions Advisory Council said a recent downward revision to the fertility rate had worsened the outlook, with the gap between contributions and pension payments now expected to reach 2.4 per cent of GDP by 2070. Falling birth rate worsens outlook The updated forecast was based...
