Rocky Road for the European Union: Pension Plans' Response

Wednesday 05 December 2018

Research / Market

Introduction and aims

Cyclical recovery or secular healing?

That’s the big question behind the European Union’s economic bounce after its ‘lost decade’: the toughest period since its inception in 1957.

Last year, its economy finally joined the growth party as part of the most synchronised global expansion since the 2008 financial crisis. It lifted the spectre of secular stagnation, manifested by spiralling debt, runaway deficits, ageing demographics, rising unemployment and anaemic growth.

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