These demographic headwinds are fading out, implying that another crucial source of growth is drying-up, at least until a demographic reversal takes place in about 25 to 30 years’ time. 17 Beyond these factors, doubts can also be raised about the depth of the economic traction of the innovations that are in the pipeline.
The technological changes at the turn of the 20th century and after the Second World War, led to the creation of mass products widely used in association with the urbanisation explosion that is about to end.