Italy's Demographic Dilemma: Navigating a Shrinking Workforce
Italy faces significant demographic challenges as its working-age population is projected to shrink by more than 20% in 25 years. Istat reports declining birth rates and increasing elderly population. Despite government efforts, the population is expected to fall, impacting economic growth and public finances adversely.
- Country:
- Italy
Italy's workforce is on a troubling trajectory, with the national statistics agency Istat revealing a potential 20% drop in the working-age population over the next quarter-century. The country's demographic struggles loom large as birth rates continue to plummet.
According to Istat, those aged 15-64, currently 37.4 million strong, are expected to shrink to 29.7 million by 2050. The elderly demographic will climb sharply, reaching 34.6% of the population. Meanwhile, the proportion of children faces a decline.
Despite interventions from leaders, Italy's population challenges persist. A Scope Ratings report warns of Italy's precarious position in Europe, with demographic trends portending further economic strain.
(With inputs from agencies.)
Advertisement
Google News