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Sharp fall in global migration threatens economic recovery

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Sharp fall in global migration threatens economic recovery
Sharp fall in global migration threatens economic recovery
Pandemic ended decade-long expansion of population and worker flows around the world
World Economy News
9 Feb 2021
• 4 min read
Countries that have weathered the pandemic well face a lasting economic drag from the global collapse in skilled migration which will stunt the growth of their working-age population, economists have warned.
The coronavirus crisis ended a decade’s steady growth in flows of migrants around the world, according to data collated by the OECD.
Although few countries have published figures for 2020 as a whole, Jean-Christophe Dumont, who leads research on migration at the Paris-based organisation, said the year-on-year drop in inward flows to rich countries ranged from 30 per cent up to 70 or 80 per cent in those such as Australia and New Zealand tha ....

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