The wave of migrants that has streamed into Germany from the Middle East, Africa and Asia over the past couple of years could either offer relief to the graying workforce in Europe’s largest economy or become a burden on the nation’s generous welfare system.
The economic impact will hinge on the country’s ability to narrow the skills gap between its population and the refugees, according to a paper from Germany’s central bank. Germany won’t lose out in economic terms by taking steps to boost the skill- and qualification levels of refugees, the paper says, but the costs of failing to integrate Read More

Source:: wsj