France is not at all ready for population ageing

A country that will be faced with population ageing in the future should: Increase its productivity gains, whereas they have decline d in France, possibly because of the problem of low labour force skills; Increase the employment rate (to increase production despite the ageing), but France’s employment rate remains low; Use significant immigration, which, being rejected by public opinion, is not the case in France ; Accumulate external assets (since population ageing will lead to a fall in the savings rate), yet France is running up external debt; For the same reason (the prospect of a fall in savings, a fall in long-term growth and an increase in pension spending), reduce its public debt ratio (yet France’s debt ratio is rising). Population ageing in France is therefore going to lead to a significant loss of growth, an external solvency problem (if the fall in the savings rate increases the external deficit and debt) and a fiscal solvency problem (if the weak growth and the increase in pension spending increase the public debt).