This is not going to happen for at least a generation or two. European countries are not having children so one of two things can happen:
a) They finish the crisis phase of the civilization cycle and recover. Right now only "far right extremists" want this. The government of most of the nations and of the EU in particular is working hard against it
b) Both the people and the social institutions of the European nations are replaced by those of foreign nations in which case the economies will likely end up resembling those (of Africa and Asia.)
Either way it's absolutely not getting better on any kind of small time scale like a year. A couple decades is possible but extremely unlikely.
This is not going to happen for at least a generation or two. European countries are not having children so one of two things can happen:
a) They finish the crisis phase of the civilization cycle and recover. Right now only "far right extremists" want this. The government of most of the nations and of the EU in particular is working hard against it
b) Both the people and the social institutions of the European nations are replaced by those of foreign nations in which case the economies will likely end up resembling those (of Africa and Asia.)
Either way it's absolutely not getting better on any kind of small time scale like a year. A couple decades is possible but extremely unlikely.