Germany's ageing population will undermine potential economic growth by the middle of the next decade as more of the baby boomer generation heads for retirement, the country's central bank predicted on Monday. "In the medium term, falling population and the ageing of the workforce in Germany will significantly reduce economic growth," economists from the Bundesbank in Frankfurt wrote in their monthly report for April. Germany, once known as the "sick man of Europe", has become the continent's economic powerhouse in recent years, recording 1.9 percent growth in 2016. Companies could already be holding off making long-term investments in Germany because of the population outlook, the Bundesbank economists suggest. SEE ALSO: Germany's population just hit a record high - so what does it mean?

Source: The Local April 24, 2017 12:11 UTC