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Refugees may be Germany's 'next economic miracle', says Daimler boss


economy

Refugees may be Germany's 'next economic miracle', says Daimler boss

The huge influx of refugees and migrants into Germany could turn out to be the foundation for the country’s next economic miracle, according to the head of one of its major carmakers.

Far from being a danger, immigration presented an opportunity, he said – referring to Germany’s postwar boom to which millions of “guest workers” contributed.

The comments at the Frankfurt Motor Show came from the head of Daimler the makers of Mercedes-Benz.

Dieter Zetsche acknowledged that accommodating the numbers was a “herculean task” for Germany, and that not everyone arriving would be a “brilliant engineer, mechanic or entrepreneur”.

But he added that many would be well educated and highly motivated, citing successful examples of migration elsewhere, such as in Silicon Valley.

Last week Zetsche and other German bosses appealed for refugees to be allowed to work.

Like other parts of Europe, Germany faces a looming labour shortage – in its case the population is expected to age and shrink significantly in the coming decades.

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