In this paper, we explore the drivers and implications of the recent uptick in fertility rates in Western Europe, assessing the potential for a ‘new demographic transition’ in the developed world.
Markets are notoriously fickle in the short term. But more than ever since mid 2011, they have been reacting to the most immediate macro events of the day. Their focus has swung from one event to another, each with an equally short time horizon.
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