November 6, 2015

THEY'LL NEED TO ATTRACT A LOT MORE:

Migrants will boost Europe's economy (Ivana Kottasova, 11/06/15, CNN)

The huge influx of refugees into the European Union from across the Mediterranean will lift the bloc's growth and support its troubled labor market. [...]

[T]he report suggest that this additional spending will quickly turn into higher growth. It says the immigration wave will provide the economy with a boost of around 0.2%.

Just how much could Europe benefit depends on the skills the refugees will bring with themselves -- higher skilled migrants contribute more.

Europe needs migration. Its population is aging and shrinking, and its social and health care systems are already feeling the pressure.

An influx of younger workers could ease that. Plus, research shows that migrants tend to be net contributors to the system, getting far less in benefits than they pay in in taxes.

Posted by at November 6, 2015 11:28 AM

  

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