16  The OECD (2007) estimates that, between 2005 and 2050, ageing in the euro area could increase public pension costs by 3% of GDP, public healthcare costs by 3.7%, and long-term care costs by 2.2%.
BIS Review 107/2007  5  In summary, the ageing process may lead to a substantial fall in both private and public savings, with the savings rate in the European economies possibly falling by 5-6 percentage points over the period 2000-2050.