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  HOME | Business & Economy (Click here for more)

Economists Predict Refugees Will Add to Germany’s Prosperity within 7 Years

BERLIN – The German Institute for Economic Research, or DIW Berlin, estimates that refugees will begin to contribute to Germany’s prosperity and produce more than they cost the European country within 5-7 years.

Die Welt newspaper cited Marcel Fratzscher, head of DIW Berlin, as saying that the institute’s estimates show that the refugees will begin to produce more than they cost the state after five or seven years.

Therefore, Fratzscher criticized the economic debate on the cost of accommodating refugees, while no consideration is given to the fact that the refugees will have revenue and earnings and will add to the growth and productivity of companies.

Fratzscher added that such effects will also favor German workers.

 

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