However, we can also expect to see new partnerships between established businesses in the financial sector and new players. One area of the financial sector that could undergo rapid changes soon is the payments market. There are multiple reasons for this, but I would like to mention the European Union's new payments service directive, PSD2, which will be implemented in Danish legislation in 2018.
Countries such as the United States and Japan are generally regarded as being already at full employment. Does this mean that they can’t keep going like this for much longer? The academic literature, at least, seems to suggest that long-lived expansions are no more likely to end than shorter ones, at least beyond some point (Rudebusch 2016).