In Europe, the economy is humming along at its fastest pace in 10 years.
According to the European Central Bank, the most recent forecast for the eurozone pegs growth at 2.3% for the year ahead, a significant upgrade from the central bank’s previous estimate of 1.8%.
But as Europe regains its economic mojo, a key part of the machine is seeing demographic reality take shape.
A SCARY MILESTONE
It’s been no secret that Germany, which has a reputation as the economic engine of Europe, is in a troubling demographic predicament. With one of the oldest populations in Europe, and a low fertility rate of just 1.5 births per woman, it is only a matter of time before the rubber hits the road to affect growth in the country.
That time may be finally creeping in, and the country is poised to hit a dubious milestone in the next year that really crystallizes concerns around the demographic composition of Germany’s population.
By 2019, there will be fewer Germans under 30 years old than there are Germans that are 60+ years:
Based on these United Nations projections, the German population is likely to decline by over 10 million people as we move towards the end of the 21st century.
Read more: https://www.visualcapitalist.com/germany-scary-demographic-milestone/