
What does the great wealth transfer mean for economic growth?
During the next couple of decades, demographic trends will move over $80 trillion of wealth into the hands of new owners.
Paul Donovan has been working as a financial market economist for over thirty years, currently as Chief Economist for UBS Global Wealth Management. In his career Paul has been required to identify and explain emerging trends in the global economy, to people with a broad spectrum of understanding of economics. This has necessitated a very clear, direct communication style coupled with a depth of expertise. Paul holds a degree from Oxford University and is an author of numerous publications.
During the next couple of decades, demographic trends will move over $80 trillion of wealth into the hands of new owners.
The 21st century is when everything changes. The Fourth Industrial Revolution is not an abstract economic idea. Everything from social status to economic geography is shifting right now. ...
人口结构的变化通常会引发人们的担忧,一方面,劳动力老龄化可能会导致经济萎缩和生活水平下降,另一方面,年轻人口迅速增加则可能导致一个国家在实现经济繁荣之前就出现失业率上升的情况。
Demographic shifts often spark concerns with fears that an ageing workforce will lead to shrinking economies and declining living standards while a rapidly increasing young population cou...