The “baby bust” in Germany is so severe that the country is unlikely to retain its current economic dominance. The population is expected to drop from 81 million to 67 million by 2060. That big of a drop in both the job market and in the consumer market will be devastating to the German economy. England and France are in much better demographic shape.
From Ambrose, Evans-Pritchard, Germany dominance over as demographic crunch worsens – Telegraph:
Germany’s birth rate has collapsed to the lowest level in the world and its workforce will start plunging at a faster rate than Japan’s by the early 2020s, seriously threatening the long-term viability of Europe’s leading economy.
A study by the World Economy Institute in Hamburg (HWWI) found that the average number of births per 1,000 population dropped to 8.2 over the five years from 2008 to 2013, further compounding a demographic crisis already in the pipeline. Even Japan did slightly better at 8.4.