Germany has peaked in terms of its native population. It is now on the downward path like Japan. Spain too I believe.

The United States finds itself in the same boat but immigration does make up for much of it. That is what Germany is trying to do. The problem is that, economically, little is felt from the first generation of immigrants. It is only after the second generation is born, educated, and assimilated to a degree do you see significant economic impact. Thus it can have a boost in 20 years or so but it will take a while.

The German auto industry is in rough shape anyway. The cost of energy is hitting these companies hard.

We will see how that all pans out.

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