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Showing posts with the label population shrinkage

Demographic Shifts and their influence on the economy - Part 5

  Part 5 – Continental Europe   Continental Europe, as an economy is second only to The United States, at par with China. The four largest economies are Germany, France, Italy and Spain. Their respective economies in terms of size are - USD 4 trillion, 2.8 trillion, 2 trillion, and 1.4 trillion respectively – a total of over USD 10 trillion. Their respective populations are - 83 million, 67 million, 60 million, and 47 million – a total of about 260 million. These four countries have a combined per capita income around USD 40,000. The other smaller EU countries also have similar levels. Europe has been relatively rich. However, compared to The UK, they have been slower in accepting immigration. Lately, these countries have seen a large influx of immigrants, so they haven’t been as insular as Japan and China. Europe has aged far more than The UK or The USA. It’s not too far behind Japan. At present, the proportions of the elderly (over 65 years) are estimated to be Germany...