Publications

- March 1, 2018: Vol. 12, Number 3

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More growth, more integration

by Marek Handzel

The McKinsey Global Institute (MGI) has reported that Europe is bouncing back after a lost decade of economic growth. GDP in the euro zone expanded at its fastest rate since the onset of the 2008 financial crisis.

The think tank has said that European political leaders and business leaders are now in a position to ensure that growth is sustained in the long-term. It argues that this can be done in four ways: by rebuilding trust with Europe’s citizens; restoring economic dynamism and investment; capturing the benefits of globalisation while addressing concerns about trade and migration; and embracing automation and artificial intelligence.

A majority of business leaders also want to see “more Europe” or a closer integration between the European Union’s member states as they believe that it will be beneficial for their businesses.

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