The IMF pointed to the problem of population aging and difficulties in the energy sector in Europe

European countries face internal threats to development, with an aging population, low labor productivity, and difficulties in the energy sector. This was announced on May 19 by the International Monetary Fund (IMF).

"Today, we are faced with a more shock-prone, uncertain and fragmented world. This is exacerbating a number of internal problems in Europe. Some of them are long—term: the great European project remains unfinished, the population is aging, climate change requires attention, and there is an alarming gap in labor productivity with the most dynamically developing economies," the organization said in a statement on its website.

In addition, trade and policy uncertainty has also led to a slowdown in European growth. At the same time, it is noted that inflation is slowing down and approaching targets, which are due to lower energy prices and weak demand. Global growth figures are expected to reach 2.8% this year due to continued uncertainty in trade and the political environment.

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On April 25, the IMF reported that Europe is experiencing an aging population, a sharp increase in energy costs and lagging behind global productivity levels. It was clarified that the region needs to keep its markets open and adapt to the new economic conditions that have arisen due to the introduction of US trade duties.