Berlin, November 12, 2008 : .According to a German Economic Institute study (IW), Germany will face losses of billions as the baby boomer generation leaves the country.
Berlin, Nov 12, : , According to a German Economic Institute (IW) study, Germany is at risk of losing billions of euro as its baby boomer generation begins to retire. Baby boomer is a term used to describe a person who was born between 1946 and 1964.
A baby boomer refers to a person born between 1946-64.The term baby boomer describes a person who was born between 1946-1964.
The baby boomer generation makes up a substantial portion of the world’s population, especially in developed nations.A significant portion of the population is born to the baby boomer generation, particularly in advanced countries.
Particularly in the developed countries, the baby boomer generation is a significant part of the global population.
In the next 15 years, Germany’s economy will “change drastically” with baby boomers no longer working, and the labour market will lose more than 5 million workers, Xinhua news agency reported citing the study as saying.
According to Xinhua, Germany’s economy “will change dramatically” in the next 15-years as the baby boomers stop working and the labor market loses more than 5million workers.The economy of Germany will change drastically over the next 15 year, with the retirement of the baby boomers and the loss to the labour force exceeding 5 million, Xinhua reported, citing the study.
Assuming that policies continue largely unchanged, real income per capita in Germany will only increase by an average of around one percent per year until 2035, according to the study.The study shows that assuming policies remain largely unchanged, the real income per person in Germany will increase only by around 1% per annum until 2035.
According to the study, if current policies are not changed, Germany’s real income per head will grow by approximately one percent annually until 2035.
“Policymakers must act now,” IW stressed in the report.
IW stressed that policymakers should act immediately in their report.IW stressed the importance of “Policymakers need to act now” in its report.
Day care for children in schools and other facilities in Germany must be improved so that more parents can work full-time instead of part-time, and immigration could also help address a shortage of skilled labour.German schools, colleges and institutions must improve day care so more people can work full time.
Immigration could help to address the shortage of skilled labor.Germany needs to improve the day care facilities for children at schools and in other institutions so that parents are able to work more than part-time.Immigration could be a solution as well.
Better conditions for private investment, improving public infrastructure, and good market access opportunities for innovative companies would also be required to counter the generational effect, the study found.
The study concluded that better conditions for private investments, improved public infrastructure and market access for innovative businesses are required in order to combat the generational effect.To counter this generational effect, better conditions would be needed for private investment and for improving the public infrastructure.
“The future federal government is called upon to react to the shrinking population, only then can companies also do their homework,” said IW Director Michael Huether.Michael Huether, Director of IW, stated that “the future federal government must react to shrinking populations.Only then can companies do their homework.”Michael Huether, director of IW said that the future federal government will need to respond to the declining population.Then companies can do their homework.
“Business as usual destroys prosperity for all and cannot be in the interest of politics.”Business as usual is a recipe for disaster and it’s not in the best interest of society.”Business as usual” is detrimental to everyone’s well-being and not good for the interests of politicians #Germanys #baby #countrys #prosperity
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