{"type":"document","data":{"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also interesting!"},{"cards":[{"body":"Belgians adapt their behaviour","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2022-11-28","image":{"extension":"jpg","original":"https://assets.ing.com/m/41166806afc0c3fd/original/facing-inflation-1920.jpg","transformBaseUrl":"https://assets.ing.com/transform/89380799-0b3e-4959-89e7-732702fceebf/facing-inflation-1920","type":"image","width":1920},"link":{"url":"/en/individuals/news/economy-and-financial-markets/facing-inflation"},"title":"Survey: Facing inflation"},{"body":"Traditionally, the World Cup may have offered a welcome reprieve from global uncertainty and heavy headlines. Still, there are moments when even the world’s most popular distraction falls short. As the near-closure of the Strait of Hormuz plays into extra time and central banks grapple with the fallout, this month’s macro forecast is one of them.","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2026-06-16","image":{"altTextNL":"Businesscard actie ING UEFA","extension":"jpg","original":"https://assets.ing.com/asset/f321f5f9-729b-4daa-b99d-fadb0c0b589a/Large_Web-and-Screen-Person-at-the-top-of-a-football-stadium-gestures-that-the-referee-s-decision-was-unjustified.jpg","transformBaseUrl":"https://assets.ing.com/transform/f321f5f9-729b-4daa-b99d-fadb0c0b589a/Large_Web-and-Screen-Person-at-the-top-of-a-football-stadium-gestures-that-the-referee-s-decision-was-unjustified","type":"image","width":1920},"link":{"url":"/en/individuals/news/economy-and-financial-markets/monthly-economic-update"},"title":"Monthly economic update"},{"body":"Podcast | Why the ECB will raise interest rates on June 11","cardSize":"medium","cardType":"article","componentType":"articleCard","date":"2026-06-02","image":{"extension":"jpg","original":"https://assets.ing.com/asset/7b7a3e11-16f3-4f9c-bf7b-bc50e9a1cac2/-112-FR.jpg","transformBaseUrl":"https://assets.ing.com/transform/7b7a3e11-16f3-4f9c-bf7b-bc50e9a1cac2/-112-FR","type":"image","width":3000},"link":{"url":"/en/individuals/news/economy-and-financial-markets/ecocheck-podcast"},"title":"EcoCheck Podcast"}],"componentType":"cards"}]},"contentType":"onecms:editorialPage","flexPageMetadata":{"afmBanner":false,"description":"The ageing of the population is a major shock for our society but also for our economy.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<p>In this article, we show that the effects of aging are broader than just those on public finances. But the other effects are indirectly likely to change the fiscal cost of aging itself.</p><p>Specifically, aging represents a major shock to the labor market, the real estate sector, labor productivity and, of course, the sectoral distribution of economic activity in Belgium, with a major challenge for the healthcare sector in particular.</p>"}},{"componentType":"highlight","richBody":{"value":"<p><strong>Want to know more?</strong></p>"},"textLinks":[{"text":"Read the report in Dutch","url":"https://assets.ing.com/m/28761d7c8916dab8/ageing-nl.pdf"},{"text":"Read the report in French","url":"https://assets.ing.com/m/5570cde66a72440d/ageing-fr.pdf"}]}]},"hasMacro":false,"id":"daa411f5-4e4b-4fcc-8875-641e61787b4c","localeString":"en-GB","mainHeaderZone":{"authorInfo":{"authorName":"Philippe Ledent","image":{"extension":"jpg","original":"https://assets.ing.com/m/312f225fb35c4929/original/Philippe-Ledent.jpg","transformBaseUrl":"https://assets.ing.com/transform/66f96412-88c5-462c-b78b-f8866d659734/Philippe-Ledent","type":"image","width":1920},"intro":"Member of ING's economic research department.","jobTitle":"Expert Economist - ING Belgium"},"backLink":{"textLink":{"text":"Economy and financial markets","url":"/en/individuals/news/economy-and-financial-markets"}},"componentType":"editorialHeader","coreHeader":{"body":"Ageing, on the other hand, is more difficult to keep central to economic policy. This is all the more paradoxical because this structural shock received due attention early on in Belgium and was easily foreseeable.","subtitle":"Awareness of the seriousness of climate change and rising inequality is constantly growing, which is important to trigger the necessary reforms","title":"Ageing: more than a question of public finances"},"date":"2022-12-13","readingTime":2},"publishDate":"2023-02-15T11:31:20.204+01:00"}}