Monday, November 23, 2015
Aging Population and The End of The ‘Golden Era’ of Growth
The aging populations in both in Europe and Asia are changing the consumption model on an individual level, and people are saving more, too. Although corporations have enough cash, most of them are not inclined to invest money into new projects the way they have done before, as the level of political, economic, and geopolitical uncertainty has dramatically risen.
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics