How an Extended Period of Low Growth Could Reshape the Financial Industry
By Gaston Gelos and Jay Surti
Versions in عربي (Arabic), Français (French), Русский (Russian), and Español (Spanish)
What happens if advanced economies remain stuck in a long-lasting funk marked by tepid growth, low interest rates, aging populations and stagnant productivity? Japan offers an example of the impact on banks, and our analysis suggests that there could also be far-reaching consequences for insurance companies, pension funds, and asset-management firms.