But for it to work in the years ahead, the demographics had better not be forgotten. The number of people over the age of 65 for each person of working age could almost double. The US changes are predicted to be much less severe than in many other OECD countries, since the US population will benefit from relatively high fertility and immigration. Nevertheless, the economic implications are still serious. More . . .
Growth is still generally good and fears of a recession are exaggerated.
A mild short-term dip in the U.S. is likely, but other economies, particularly in Europe, will perform well. A recession, if it comes, will be severe and global. Current results Previous results All rights reserved.