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The Economic Times
The Economic Times

OECD faces $500 billion productivity hit by 2040 as ageism keeps older workers sidelined: WEF

New Delhi: Age-related workplace barriers could cost Organisation for Economic Co-operation and Development (OECD) economies nearly $500 billion in cumulative productivity losses by 2040, the World Economic Forum and Marsh said in a new report, as ageing populations grow far faster than the working-age workforce.

OECD economies refer to the 38 member countries that are highly developed, democratic, high-income nations that operate on free-market principles.

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