Sunday, September 15, 2013

Welcome to the new French empire!

From Krugman's blog:

Here are the Eurostat population projections out to 2060:
Eurostat
If we assume that major European nations will have similar levels of GDP per capita, which seems reasonable, then by mid-century France, not Germany, will be the biggest European economy, through sheer force of numbers. If the EU is still holding together, this could mean that France is in turn the leader of one of the world’s great economic powers. Welcome to the new French empire!
OK, maybe that’s going too far. But I am surprised that France’s relative demographic advantage within Europe doesn’t get more attention.

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