Refugee immigration and its effects on German markets

According to the United Nation Refugee Agency, it is estimated for 2015 a track worldwide of forced displacement exceeding 60 million. For the first time the number of forcibly displaced people is the highest level of people displaced since World War II (UNHCR, 2015). Among them, Syrian refugees became the largest refugee group since 2014 (3.9 million in 2014, and 4.2 million by mid-2015), replacing Afghanistan as the main source of refugees worldwide, as Afghan refugees had been the largest refugee group for three decades. Even though most Syrian refugees were hosted by neighboring countries such as Turkey, Lebanon and Jordan, the number of Syrian refugees applying for asylum in Europe steadily increased between 2011 and 2015. The statistical picture of the number of people seeking international protection in Europe is partially distorted because of the reported instances of the same individual being registered as asylum-seeker multiple times across the continent (UNHCR, 2015). Germany has been the most sought-after final destination in the EU migrant in 2015 refugee inflow. In 2015, approximately nine hundred thousand migrants continued to pour into Germany as of 20 December 2015. From the migrants entering into Germany, approximately 500 000 have already been registered and requested asylum as of 30. December 2015 (Ministry of Foreign Affairs, 2015). In Germany, the right of asylum is not only anchored in the 1951 Geneva Convention on Refugees; it is also enshrined in the Constitution as a fundamental right. This is the unique fundamental right which is applicable only to foreigners. Asylum law has thus a special priority in Germany (Ministry of Foreign Affairs, 2015).