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Many developed countries are facing economic challenges as migration-driven growth falters due to housing shortages. Despite the positive impact of immigration on workforce gaps, housing affordability worsens, leading to per-capita recessions. Countries like Canada and Australia are reevaluating their immigration policies to address these issues and sustain economic growth.
Households are going backwards in 13 developed economies, including Australia, as record immigration runs into a housing crisis.
A cross much of the developed world, one of the most dependable drivers of economic growth is faltering. For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates. That’s now breaking down as…
Across the developed world, one of the most dependable drivers of economic growth — immigration — is failing due to a homes crisis. Read on.
(Bloomberg) -- Across much of the developed world, one of the most dependable drivers of economic growth is faltering.Most Read from BloombergTruce Talks Shift to Qatar as Hamas Hits Israel Border CrossingFrance’s Macron Calls for Reset of Economic Ties With ChinaBuffett Praises Apple After Trimming It, Drops Paramount StakeEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventWorsening Weather Is Igniting a $25 Billion MarketFor decades, the rapid inflow of migrants helped countries inc