World Daily News
Business
Germany / Syria / Europe

Impact of Syrian Refugees on German Economy: A Study

Images from the reference sources
A study reveals that the potential return of Syrian refugees could negatively impact the German economy, exacerbating labor shortages in key sectors.


Study Highlights Economic Impact of Syrian Refugees in Germany

A recent analysis by the German Economic Institute in Cologne reveals that the potential return of Syrian refugees to their homeland could adversely affect the German economy. The study emphasizes that the Syrian community in Germany, which comprises around one million individuals, plays a crucial role in alleviating labor shortages in various sectors. Approximately 80,000 Syrians are employed in critical professions, including automotive technicians, healthcare professionals, and roles in climate-related industries.

Labor Shortages and Skills Gap

The report indicates that the automotive sector alone has seen over 4,000 Syrian technicians join the workforce, addressing a significant skills gap where nearly 70% of positions remain unfilled. Additionally, the healthcare sector relies heavily on Syrian professionals, with 5,300 doctors and thousands of workers in dentistry, childcare, and elderly care. Isabelle Hallitz, director of an elderly care association, warns that the return of these skilled workers would severely impact care services, highlighting the importance of Syrian contributions to the labor market.

Political Context and Future Implications

As Germany approaches legislative elections in February 2025, calls from right-wing factions for the repatriation of refugees are intensifying. While the macroeconomic impact of returning Syrian workers may be minimal, the study suggests significant regional and sectoral repercussions. Currently, Syrian workers represent about 0.6% of the German labor market, a figure that rises to 0.8% when including those with German citizenship. The ongoing uncertainty regarding the situation in Syria complicates the discourse surrounding refugee returns.

Clam Reports
Refs: | Aljazeera |

Trends

Business

Interest Rate for Home Savings Plans Drops to 1.75% in 2025

2024-12-18T13:28:02.354Z

The interest rate for home savings plans (PEL) will decrease to 1.75% starting January 1, 2025, marking the first reduction in over eight years.

Business

AI-Powered Radar to Detect Drunk Drivers Tested in UK

2024-12-18T13:27:41.802Z

AI technology is being tested in the UK to detect impaired drivers, enhancing road safety during the holiday season.

Business

Israel's Poverty Rate Remains High, Ranking Second in OECD

2024-12-18T17:47:27.442Z

A report reveals that Israel has the second-highest poverty rate in the OECD, with significant disparities among different demographic groups and alarming child poverty rates.

Business

Iran's Currency Crisis: Political Pressures and Economic Strategies

2024-12-18T17:48:04.421Z

Iran's rial faces significant depreciation due to political tensions and economic policies, prompting the Central Bank to implement a new pricing mechanism aimed at stabilizing the currency.

Business

Tunisia's Olive Oil Crisis: Economic Challenges and Reform Opportunities

2024-12-18T14:07:25.529Z

Tunisia faces a severe crisis in its olive oil sector, with prices plummeting and farmers protesting due to lack of demand and liquidity. The crisis stems from aggressive anti-corruption measures and international competition, highlighting the need for comprehensive reforms.

Business

Syria's Central Bank Sets Lira at 15,000 to Dollar, Resumes ATM Services

2024-12-18T12:47:45.497Z

The Central Bank of Syria has set the exchange rate of the lira at 15,000 to the dollar and resumed ATM operations, introducing electronic payment services to enhance banking stability.

Latest