Europe’s economic growth since the start of the financial crisis has been sluggish, and the region faces difficult long-term demographic and debt-level challenges. But a new McKinsey Global Institute (MGI) report, A Window of Opportunity for Europe, finds that the convergence of low oil prices, a favorable exchange rate, and quantitative easing has given these economies a chance to unlock new economic dynamism by undertaking ambitious reforms and stimulating job creation and investment.1
