Adrian Park

Jul 23, 2024 | oilmanmagazine.com | Adrian Park

Europe faces a pressing question: Can its economies continue to grow with a shrinking workforce? This issue is critical as Europe, the only continent experiencing demographic decline, is projected to see its working-age population decrease by 5% by 2033. This trend will particularly impact major economies such as Germany, which is expected to lose 5 million workers or 10% of its total labor force.