Skip to content
Politics
Economics

ECB Sees Ukraine Refugees Lifting Workforce by Up to 1.3 Million

The euro area was already battling a rapidly aging population that has shrunk its share of working-age people.

The euro area was already battling a rapidly aging population that has shrunk its share of working-age people.

Photographer: Krisztian Bocsi/Bloomberg

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Refugees fleeing the war in Ukraine could end up boosting the euro area’s active labor force by up to 1.3 million people, the European Central Bank predicts.