But is this really all bad?
One of the biggest GDP drivers is population growth, which in Europe, like Japan before, has all but stagnated.
I am not saying that Japan didn’t make any mistakes in the last 30 years, they most certainly did. But despite all that the Japanese are still very wealthy, with some of the highest quality of life in world.
Maybe we Europeans shouldn’t fear less growth and, instead of repeat the mistakes of Japan, we should learn from them and embrace a much more stable economy.