Pensions
Germany Plans Pension Reform, Establishment of 200B-Euro Fund
Draft legislation would increase pension contributions amidst an aging population.
An OECD report details how rough last year was for global funds, although the U.S. was protected slightly by a strong dollar.
Some $2.9 trillion, hoarded by rich nations’ consumers, will fuel post-virus spending, Bloomberg Economics thinks.
Canny moves on the No. 4 economic power’s business structure, political situation, and efforts fighting the virus should form the basis for a rebound.
Only Luxembourg has a larger pension gender gap in Europe.
Once the updated tax revenue is published, reduction can be formally agreed to on November 22.