European Economic Growth Driven by Immigration and Foreign Workforce
TL;DR Summary
Top central bankers from Japan, Europe, and the UK warn that aging populations in rich economies will require increased immigration of foreign workers to sustain economic growth and stabilize prices, as low birth rates and longer lifespans lead to labour shortages and higher dependency ratios, with implications for inflation and productivity.
Topics:business#demographics#economic-growth#foreign-workers#labour-shortages#population-aging#world
- Rich economies will need foreign workers to fuel growth, policymakers warn Financial Times
- Foreign workers have boosted euro zone economy, ECB's Lagarde says Reuters
- ECB’s Lagarde Says Labor Market Has Weathered Recent Shocks Well Bloomberg.com
- Immigration boosted Europe’s economy after pandemic, ECB’s Lagarde says KRON4
- The Role of Immigration in Sustaining European Economic Growth: A Strategic Opportunity for Investors AInvest
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