The hope in an arranged marriage is that people marry, and then fall in love. Sometimes that works, other times it doesn't. Two decades after inception, the eurozone countries' arranged marriage-type of union looks shaky at best, and now it is even more challenged by ongoing, global disruptive forces.
PIMCO's Secular Forum recently highlighted that these disruptive forces, including Populism, Technology, Demographics and a slowdown in China, could challenge our view that over the next three to five years the global economy will stay on a New Normal path, characterized by low growth, low inflation