(6.05) Personal Finance [New] The Euro area will grow by 1.2 percent, while the overall growth in the EU bloc will stand at 1.4 percent. Wages will continue to be a big issue: In 40 years, the purchasing power of workers' wages has fallen by more than 80 percent. Based on publicly available data and reasonable assumptions about the market, the New Jersey nuclear units are highly profitable through 2023 and face no imminent threat of retirement. The International Monetary Fund projects that China's real GDP growth will fall from 6.6 percent in 2018 to 5.5 percent in 2024; other estimates put the growth rate at an even lower number. People should expect to outlive their retirement savings by between eight and 20 years on average, with the highest burden on women. Singapore will raise the retirement age and re-employment age to 65 and 70 respectively by 2030, alongside increases in the Central Provident Fund contribution rates for older workers. Because the retirement age for men and women is so low, China's old age dependency rate (retirees as a share of the working age population) is going to soar in the next 20-30 years. As long as the UK avoids a no-deal hard Brexit, expect the BoE to pick up the pace of rate hikes to two per year in 2019 and 2020 as wage growth edges further above 3 per cent year on year. Coupled with the productivity challenge, UK wage growth may not grow very well towards the end of the year and will affect how households feel at the end of 2019. In Slovenia a pick-up in wage growth is expected in 2019, but in general it will be in line with productivity growth. In Argentina, GDP growth is projected to increase to -1.3 percent in 2019 and 1.1 percent in 2020 due to a recovery in agricultural production and a gradual rebuilding of consumer purchasing power, following the sharp compression of real wages last year. Starting in fiscal year 2020, CMS will increase the wage index for hospitals below the 25th percentile for at least four years. In the next couple of years, more than 60 percent of nurses in the U.S. are going to reach nominal retirement age. The Federal Reserve Bank of San Francisco noted that it does not foresee a sharp pickup in wage growth nationally if the labor market continues to tighten as many anticipate. While the purchasing power of older populations is projected to remain high in coming decades, the current trajectory could alter if work becomes less stable and the retirement age in countries continues to rise. Texas-based Axiom will begin offering flights to the International Space Station (ISS) in 2020, and to its own space station in 2024, before the ISS's scheduled 2025 retirement. Inadequacies in retirement savings are especially worrying for Singapore, as rising life expectancies and declining birth rates are resulting in rapid population aging: The elderly (aged 65 years and above) are expected to grow from 11% to 20% of the total population over the next 15 years. US lost wages due to extreme temperatures are projected to rise over the coming decades, reaching $160 billion per year by the end of the century, while the cost of lost property from coastal flooding is projected to reach $1 trillion. By 2030, one in five US residents will be of retirement age, and with that aging population comes a new wave of needs in a home. Globalisation has supported margins for decades, particularly for US companies, but now protectionism, rising wages / input costs and the waning impact of last year's fiscal stimulus pose a risk to peak margins. Chronic medical conditions will hamper U.S. economic growth in the coming years by continuing to diminish productivity, contributing to early retirement and premature mortality and draining resources and income for those affected and the larger system as a whole. As demand for skills changes, high-wage jobs in the US are expected to expand and the loss of middle wage jobs evident over the last 20 years is expected to continue. See full forecast Last updated: 19 October 2019 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
