New research has found that the working age population across the Euro area has been declining since 2010.

The joint study by the Economic and Social Research Institute and UCD examines the growth prospect for the eurozone.

It also finds that an average real GDP growth of just over half a per cent per year is expected over the next decade, even if the economy continues to improve.

Research professor at the ESRI Kieran McQuinn explains the implications of an ageing population: