The European Union’s economy “would have looked far weaker after the pandemic without foreign workers, European Central Bank chief Christine Lagarde said Saturday, warning policymakers not to ignore migration’s role even as it fuels political tensions,” reports Bartosz Brzezinski in Politico.
The ECB president “argued that migration has played a crucial role in offsetting Europe’s shrinking birth rate and growing appetite for shorter working hours,” the Politico story said.
“Migration could, in principle, play a crucial role in easing” labor shortages as native populations age, Lagarde said. But “political economy pressures may increasingly limit inflows,” she said, according to a report in Fortune.
The Immigration and Refugee News Digest 