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Leo Orlygsson

Economics

Division

Supply Side, Labour and Surveillance

Current Position

Externals

Fields of interest

International Economics,Macroeconomics and Monetary Economics,Public Economics

Email

Leo.Orlygsson@ecb.europa.eu

Professional experience
2025-2026

Trainee - European Central Bank, DG Economics, Supply Side, Labour and Surveillance Division

2024-2025

Research Assistant - Karlsruhe Institute of Technology, Chair of Economic Policy

2023-2024

Blue Book Trainee - European Commission, DG ECFIN

2022-2023

Intern - Ministry of Finance Luxembourg, Secretariat General

24 September 2026
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 6, 2026
Details
Abstract
This box presents the latest EUROPOP 2025 population projections for the euro area, documents the revisions compared with the EUROPOP 2023 projections and discusses the economic implications. The latest population outlook is more positive in the medium-run (until 2050) because of stronger net inward migration, which tempers the increase in age-related fiscal expenditure while boosting long-term economic growth. However, in the second half of the century the population is projected to decrease more strongly than previously projected as a result of lower fertility. This will have the opposite effect on public finances and long-term growth.
JEL Code
J11 : Labor and Demographic Economics→Demographic Economics→Demographic Trends, Macroeconomic Effects, and Forecasts
J21 : Labor and Demographic Economics→Demand and Supply of Labor→Labor Force and Employment, Size, and Structure
H55 : Public Economics→National Government Expenditures and Related Policies→Social Security and Public Pensions