Want to Get Richer? Accept Refugees

By Leonid Bershidsky in Bloomberg View

As political debates about Syrian refugees rage on both sides of the Atlantic, initial assessments of their economic impact on receiving countries are coming in: The influx is good for growth.

A new Bloomberg survey of economists predicts that Germany, the biggest recipient of Syrian asylum seekers in the Western world, will get a 0.2 percent boost to its economic output next year if it takes in 800,000 refugees in 2015; that would be 12.5 percent of Germany’s expected 2016 growth. The estimate is in line with the European Union’s most recent economic forecasts, which predict increases of 0.21 percent for the gross domestic product of the EU as a whole in 2016, and 0.26 in 2016.

Read more.