Moody’s Analytics: Economists say Syrian migrants will boost the European economy

first_img More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Moody’s Analytics: Economists say Syrian migrants will boost the European economy whatsapp whatsapp Welcoming immigrants fleeing the turmoil in the Middle East is in Europe’s self interest, top economists at Moody’s Analytics have said.Europe is suffering from dire demographic trends with fertility rates in most countries below self-replacement rates – implying populations are set to decline. It also means the share of elderly, which already exceeds the global average, will rise further, Moody’s Analytics said.  A wave of migration could increase the size of the labour force, boost the economy and make pension schemes more sustainable.Martin Janicko, economist at Moody’s Analytics, said: “Most migrants are younger than the majority population, which is good news for ageing Europe.”While low fertility is the primary problem, increasing life expectancy is adding to the region’s woes. Only a handful of countries including France, the UK, Ireland and Sweden have total fertility rates close to 2.07 births per woman, the rate needed to keep the population from declining. The populations of Germany, Italy, Spain and Greece, which have rates well below that, contracted last year.”But Janicko warned that governments should not be complacent about the influx of migrants, saying it could “burden host countries’ social provisions and push down blue-collar wages””Whether the European Union will benefit depends largely on how fast and how successfully its member states can integrate the new arrivals into the labour market,” he said. Researchers at consultancy Oxford Economics recently estimated that if a million extra asylum seekers entered Germany it could raise its GDP by 0.6 per cent by the end of the decade. center_img Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Friday 25 September 2015 7:52 am Show Comments ▼ Sharelast_img

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