Two recent landmark reports on the European Union's economy paint an unforgiving picture of its vulnerabilities, suggesting the region faces the prospect of "slow agony". At current productivity and demographic trends, Europe's economic output is forecast to be the same in 2050 as it is today. With much of the power to correct course residing in national capitals, what will it take for leaders to rise to the challenge?

This is the full audio from a session at the Forum's Annual Meeting on 22 January, 2025. Watch it here: https://www.youtube.com/watch?v=VqghCwdxqHo

Speakers: Nicolas Hieronimus, Chief Executive Officer, L'Oréal

Roula Khalaf, Editor, Financial Times

Robert Habeck, Vice-Chancellor and Federal Minister for Economic Affairs and Climate Action,

Federal Ministry for Economic Affairs and Climate Action of Germany

Belen Garijo, Chair of the Executive Board and Chief Executive Officer, Merck

Christine Lagarde, President, European Central Bank

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