After a period of relative calm, the EU may be headed towards a fresh economic crisis.
But this time it won’t be caused by a surge in unemployment, or a sharp rise in inflation.
Instead, the problem will be that the economy is failing to adapt to a globalised world.
The economy, which was growing at an average annual rate of 3.8% between 2000 and 2020, has slowed to an average of 1.6% during the past decade, according to the Organisation for Economic Co-operation and Development (OECD).
It’s been slower than the 3.9% average growth rate for the whole of the EU, which stands at 6.1%.
The EU’s biggest economies – France, Germany, Italy, Spain and the UK – have all seen a fall in growth in the past two years.
In France, that has been driven by an ageing population.
The country’s unemployment rate has also hit a record high.
The rate of unemployment has risen from 17% in 2000 to 27% in 2020.
In Italy, the unemployment rate is currently at 25%.
The OECD estimates that the EU could face a recession of about 4% this year if the global economy continues to collapse, according in a paper published in January.
That would be about double the rate of growth between 2000-2020 and the rate for all the EU countries combined.
In an interview with Reuters, Dr David Blanchflower, the OECD’s director-general, said: “If we look at the long-term growth, we think that if we’re going to have a recovery in the medium term we need a very large global economy that can take us through the next 10 years.”
The OECD predicts the economic recovery in 2020 will depend on a strong and resilient global economy.
Blanchflowers comments come as Europe struggles to cope with a new wave of refugees, a wave that is threatening to overwhelm the continent’s social services and cause unemployment.
The EU has been struggling to cope for the past four years with the influx of people fleeing war and poverty in the Middle East and North Africa, particularly Syria and Iraq.
The bloc has seen an unprecedented influx of asylum seekers from Syria and other war-torn countries in the region.
Many have found new homes in Europe and the United States.
The rise in asylum applications has sparked fears of a massive economic and social breakdown.
The latest figures show the number of asylum applications in the EU rose by more than a quarter between January and May to reach a record 5.3 million.
This represents a 3.7% increase in the number, compared with a year earlier.
The crisis is likely to worsen as the new arrivals arrive and the EU struggles to adapt.
The new arrivals are arriving in numbers that are more than double the number that arrived a decade ago.
A report from the International Organisation for Migration, which is the EU government agency responsible for managing migration, predicted the number would exceed 10 million this year.
As the migration crisis deepens, the bloc is struggling to deal with the growing number of refugees.
In May, the European Commission proposed a plan to resettle up to 1.5 million asylum seekers in the bloc by 2020.
However, the proposal has been criticised by some EU member states, which are worried about the effect the resettlement programme could have on social cohesion and on the economic viability of the bloc.
In a recent opinion piece in the UK’s Sunday Times newspaper, Professor Ian Johnson, director of the Institute of Social and Economic Policy Research, said the EU is “struggling to cope” with the migrant crisis.
“The EU is struggling with the fact that it has a very, very high refugee population,” he said.
Professor Johnson also pointed out that some of the asylum seekers are being put up in hostels in the countries where they are staying, and that some are being held for months without their families having contact with them.””
There are a lot of people who have had to choose between their livelihood and their family’s livelihood, or between what they are doing for a living or what they can do for their children.”
Professor Johnson also pointed out that some of the asylum seekers are being put up in hostels in the countries where they are staying, and that some are being held for months without their families having contact with them.
“We have to find the middle ground between the kind of care and support that’s going to be provided to these people who are being placed in hostel accommodation and the kind that will be provided by the EU itself, which can provide them with housing, accommodation for their families and other supports,” he added.
The migration crisis has had a dramatic impact on the EU and its economies.
In the past few months, the number a migrant in Germany costs the country has nearly doubled from 1,500 to 4,500.
Germany has been hardest hit by the influx.
Its economy has been the hardest hit, with the number for Germany rising by a staggering 2.5% between May and June, according the OECD.
The number of migrants entering the country through Germany has more than doubled since the beginning