Europe’s Ticking Demographic Time Bomb

by Soeren Kern

Europe’s population is shrinking and aging so much so fast that a major decline in European living standards is now statistically inevitable within the next 15 years, according to data contained in a publication titled “The EU in the World: A Statistical Portrait.” The 113-page report — published by the European Union’s official statistics agency known as Eurostat — shows that Europeans increasingly are relegating themselves to the global margins, as their relative share of global wealth and trade shrinks. The main culprit is the refusal by Europeans to produce more children.

 

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Europe's Ticking Demographic Time Bomb