Michael Flacke News Today

Germany is facing a severe labor shortage and an aging population, with estimates suggesting a deficit of 7 million skilled workers by 2035. The country currently has around 700,000 unfilled job vacancies, leading to a decline in economic growth potential from 2% in the 1980s to 0.7%. German Economy Minister Robert Habeck highlights migration as a crucial solution to this issue, warning that failure to address it could further reduce the growth rate to 0.5%.

To keep its engineering and IT sectors afloat, Germany is looking to tap into international student talent.

NRI News: Germany is grappling with a critical labor shortage and aging population, with projections indicating a deficit of seven million skilled workers by 20.

Germany is grappling with a critical labor shortage and aging population, with projections indicating a deficit of 7 million skilled workers by 2035.

Germany looks to tap into international student talent to keep its engineering and IT sectors afloat.