Until 2050, the working age population in the EU-27 will shrink by 20%. Italy, Spain and Germany will be hit even harder by demographic change. Against this background we took a closer look at what it could take to cushion the effect of demographic change on the labor markets in the four largest economies Germany, France, Italy and Spain, running scenarios with different combinations of labor force participation, productivity and migration.
The Country Risk Atlas is a new flagship publication from Allianz Research that provides comprehensive insights on the economic, political and ESG factors that influence non-payment risk for companies in 83 countries.
The economic gap between the US and the Eurozone has almost tripled since the foundation of the Euro. In 1999, the year the Euro was introduced, the US economy was 11% larger than the Eurozone in purchasing power parity terms; this gap has since widened to 30%.