Oct 12, 2014
-
The Central Bank writes in its monthly bulletin that the current rate of emigration of foreign residents from Spain and of Spaniards themselves could have a significant effect on the potential growth of the economy. According to the bank it is necessary to make the country a more attractive place to work.
The Central Bank writes in its monthly bulletin that the current rate of emigration of foreign residents from Spain and of Spaniards themselves could have a significant effect on the potential growth of the economy. ‘With the arrival of the crisis, the number of migrants working in the Spanish economy has changed radically’, said the report’s authors. They noted that around a million migrated to Spain in 2007, that number was just 342,000 in 2013. At the same time, some 500,000 people left Spain last year. The initial wave of departures included many younger, highly-qualified individuals but since 2010 a higher number of older and less-qualified individuals had made the decision to leave. According to the bank it is necessary to make the country a more attractive place to work.
Spanish: http://www.thelocal.es/20140925/emigration-may-hurt-growth-warns-central-bank
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.