peter de keyzer - bnppf

HR Magazine

| 24/10/2014 | Economic Research

| February 2013 |

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Where does

growth

come from? 3

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Growth

Demography

Productivity Total Factor Productivity

4

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World population since -5 million (red color)

6

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The current context

8

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Source of growth on its way back…

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…and productivity growth structurally lower

12

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Back to the 1960’s

13

Source: IMF, European Commission

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Current outlook

14

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Slow recovery…

15

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…and a weak Europe

16

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The geography of unemployment

2007 2013

20/10/2014

17

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Which growth?

19

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How low can we go?

20

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Employment is age dependent

21

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Future trends

22

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Foto oude computer + foto Iphone (hele pagina)

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It is going faster…

25

Source: Singularity.com

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…but not for everybody

Regular use of the Internet

(% of persons who accessed the

internet on average at least once

a week)

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Europe: Regional Competitiveness Index 2013

27

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Competition

+Customers

= Opportunities

28

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Innovate

Focus

Data

Risks

Competition

29

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| February 2013 |

Follow me:

@PeterDeKeyzer

| 24/10/2014 | Economic Research

Disclaimer

This presentation was created for informative purposes by BNP Paribas Fortis SA/NV.

The information contained in this presentation is subject to change. While BNP Paribas Fortis SA/NV takes great care to ensure that the information is correct, it may not be held liable for possible errors or omissions, or the direct or indirect

damage that might result from this.

BNP Paribas Fortis SA/NV, Montagne du Parc 3, B – 1000 Brussels

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