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Germany faces labor gap due to aging population
The German Economic Institute "Ifo" expects Germany to face a significant workforce gap due to an aging population, with the gap projected to reach about 4.3 million workers by 2036, as the country's population declines to around 81.1 million by 2045. It is estimated that the potential labor force will decrease by 6.9% between 2025 and 2036, with the decline continuing to reach 50.4 million people by 2045.
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