From here until 2030, without the contribution of immigration, the population aged between 20 and 64 is expected to fall by 3.5 million, and by a further 7 million in the subsequent fifteen years. Today, for every 100 people in this age group, 38 are at least 65 years old; in twenty-five years’ time, this share will have risen to 76.
Financial volatility and economic rebound Since the end of August 2011, international financial markets have been buffeted by heightened risk aversion and a generalized flight to quality resulting from the perceived worsening of the financial and fiscal problems in the euro area and, to a lesser extent, the fear of another recession in the United States.