Later retirement and longer working hours rather than a boost in economic immigration, could prove essential for the eurozone to avert a plunge in economic growth due to ageing - a new research paper published by the European Central Bank suggests.
Under current trends, the 12-country euro area is projected to see a shrink in its population in absolute terms after 2020, with every third person expected to be older than 64 by 2050.
According to UN estimates, in some European countr...
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