Social Europe
The
world economy faces considerable uncertainty in the short term. Will
the eurozone manage to sort out its problems and avert a breakup? Will
the United States engineer a path to renewed growth? Will China find a
way to reverse its economic slowdown?
The
answers to these questions will determine how the global economy
evolves over the next few years. But, regardless of how these immediate
challenges are resolved, it is clear that the world economy is entering a
difficult new longer-term phase as well – one that will be
substantially less hospitable to economic growth than possibly any other
period since the end of World War II.
