Aging Germany Needs Immigrants, Bundesbank Chief Nagel Says
The Bundesbank President, Joachim Nagel, has emphasized the need for immigrants in Germany to maintain its economic momentum and address the country's demographic decline. Nagel stated that Germany's aging population and declining birth rates require an influx of immigrants to sustain economic growth. He highlighted the importance of attracting skilled workers and professionals from abroad to fill labor shortages and support the country's workforce. The Bundesbank chief noted that Germany's declining population poses a significant challenge to its economy and that immigration is crucial to mitigate the impact of this demographic shift. Nagel's remarks underscored the German government's efforts to attract and integrate immigrants to address the country's demographic and economic challenges.
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