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The European Union needs more immigration to boost economic growth amid the birth rate decline among native populations, a top central banker has claimed.
“The entry of regular migrants should be managed in a coordinated way within the European Union, balancing productive needs with social equilibrium and reinforcing integration of foreign citizens into the education system and labor market,” Panetta continued. In contrast to the globalist position outlined by the Italian central banker, conservative Prime Minister Giorgia Meloni, following the lead of countries like Hungary and Poland, has argued that rather than relying on mass migration, the government should instead focus on investing in Italian families to boost birth rates.
Although this is often welcomed by corporate bosses, land owners and politicians, who see their budgets increase amid more workers being taxed, GDP per capita, which presents a clearer picture of the economic wellbeing of citizens, often suffers with mass migration.in April: “Although new arrivals are clearly boosting GDP, they appear to be dragging down GDP per person—the yardstick by which economists usually assess living standards.
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