Slowing down: Japanese-style stagnation may be something that Europe has to live with for longer than was ever expected
There has been much talk in recent years about the “Japanification” of Europe. The continent is experiencing an extended low-growth, low-inflation and low-interest environment, which is often compared to Japan’s economy during the early 1990s. But is it a fair comparison, are there lessons to be learned, and what does it mean for real estate?