В МИРЕ НОВОСТЕЙ: Europe and Central Asia Economic Update

пятница, 11 октября 2019 г.

Europe and Central Asia Economic Update

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	October 11th, 2019

Europe and Central Asia Economic Update According to the latest World Bank's Economic Update for Europe and Central Asia, growth is slowing across the region amid weakening trade and flagging industrial activity.

Economic growth across Europe and Central Asia is slowing, with regional growth estimated at 1.8% for 2019, according to the latest World Bank Economic Update for Europe and Central Asia. This estimate, the lowest in four years, reflects slowing growth in both the Russian Federation and Turkey, the region's two largest economies. The report also notes robust growth in other parts of the region, including countries in Central Europe, Central Asia and the South Caucasus.

Slower growth in the region parallels a global downward trend and underlines the need to boost productivity growth and increase investment - which has been declining over the past decade.

In Europe and Central Asia, worsening demographic trends – including the shrinking size of the working-age population – add to these challenges. The report looks at migration trends and offers insights for both destination countries and countries of origin.

Chart: Contribution to regional GDP growth

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Migration and Brain Drain

Europe and Central Asia Economic Update, Fall 2019

The share of immigrants in Western and Eastern Europe has increased rapidly over the past four decades. Today, one of every three migrants in the world goes to Europe. Furthermore, intraregional migration is especially high within Europe and Central Asia, with 80% of the region's emigrants choosing to move to other countries in the region. Kazakhstan, Russia, and Turkey are all important destinations.

Migrants can help ease demographic pressures by increasing the size of the labor force, raising productivity and boosting growth in the region. Policies on labor mobility can mitigate demographic trends and produce significant growth, and poverty reduction benefits for the region.

Download the report to find out more about migration trends and brain drain in the region.