80% of Spain’s Growth in the Last Five Years Is Explained by the Increase in Foreign Workers

The ageing of the population is already having a substantial impact throughout Europe. As a result of the decades of bringing low birth rates, the indigenous population is stagnant or in slight decline. And both investment and productivity are showing a rather weak evolution since the pandemic. However, in the midst of a context of economic stagnation in the euro area, these phenomena are being partly compensated, at least for now, by the influx…