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10% decline in German workforce by 2040?

  • Germany is projected to experience a potential 10% decline in its workforce by 2040, according to a recent study.
  • To sustain its economy, Germany needs to attract a significant influx of skilled foreign workers.
  • Recent reforms to Germany's labour migration laws aim to simplify the process for skilled workers moving to the country.
  • However, structural barriers and challenges in integrating foreign workers remain significant obstacles.

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