For Germany, Demography Is Doom

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Britain and France are in far better shape, with an average of 12.5 births per 1,000 in from 2008-2013. The IMF expects both countries to overtake Germany in total GDP by the middle of century and possibly even by 2040, implying a radical shift in the European balance of power.

 

 

Germany’s economy dominates the EU, but if demography is destiny–and it is–then, Ambrose Evans-Pritchard argues in the Telegraph, Germany is doomed. I had not realized that the numbers are so grim:

Germany’s birth rate has collapsed to the lowest level in the world and its workforce will start plunging at a faster rate than Japan’s by the early 2020s, seriously threatening the long-term viability of Europe’s leading economy. …

The German government expects the population to shrink from 81m to 67m by 2060…

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