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Boomer generation s retirement will hurt economy

Boomer generation s retirement will hurt economy Lower immigration will also contribute to an economic slowdown that threatens to overshadow this decade 5 April 2021 • 7:02pm Britain’s ageing population and lower rates of immigration will put the brakes of economic growth in the 2020s, City forecasters have warned. The supply of labour will be curbed by the Boomer generation retiring and an immigration clampdown, halving the growth rate in the workforce, according to Pantheon Macroeconomics. Growth in workers will slump to an average annual rate of just 0.3pc over the next five years, down from 0.8pc in the second half of the 2010s, it predicted.

RUTH SUNDERLAND: Will end of virus hail baby bounce-back?

HSBC and Malta Chamber hold joint post-Covid outlook webinar

HSBC and Malta Chamber hold joint post-Covid outlook webinar HSBC Bank Malta HSBC Bank Malta p.l.c. and The Malta Chamber collaborated on ‘The Post Covid Outlook’, a joint webinar which featured HSBC economists and strategists discussing how they expect the global economy and markets to perform in 2021. In particular, the event focussed on the extent to which demand for consumer services will recover as economies re-open. The discussion also analysed how the economic recovery may affect policymakers globally, and how major currencies such as the US Dollar, Euro and British Pound Sterling may perform. During the event participants heard that HSBC is forecasting higher inflation and higher costs for businesses in the first half of 2021. However, inflation should not increase beyond 2 per cent across Europe before coming down again in the second half of this year. HSBC also expects governments to continue supporting their economies with investments and reskilling.

Baby drought of Covid-19 crisis risks population crunch

Baby drought of Covid-19 crisis risks population crunch
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