How the coronavirus pandemic is deepening Asia’s pension crisis
As the Covid-19 pandemic continues to overwhelm economies in Asia, putting an unprecedented number of jobs on the line, another crisis is brewing in the backdrop – one that’s likely to hit millions of people years down the road. Along with the strain on their health and financial well-being, the pandemic threatens to derail Asians’ retirement security and Asia’s multitrillion-dollar pension systems, which already faced major challenges pre-Covid-19. As early as 2017, the World Economic Forum warned that a...
