Slide 3: Lower growth rates to be expected going forward But we also have to consider whether we can realistically expect growth rates in advanced countries at pre-crisis levels again. This is unlikely, due to demographic change, among other things.
A recent study by Danmarks Nationalbank points to a reduction in GDP per capita by about 0.3 percentage points until 2050, due to the ageing population. Obviously, this should not be an excuse. Continued steps to increase productivity  Page 2 of 9  and enhance flexibility in labor markets are important.