31 minutes agoEven Croatia on alert, escaping labour force
Periskopi(7 years ago)
(7 years ago)The Vienna Institute for International Economic Studies (WIIW) has published its economic analysis and forecast for 23 Central and Eastern European countries in the period 2019-2021, including Croatia. W IIW warns that countries such as Bulgaria and Croatia will lose at least 20 percent of their workforce up to [...]
W IIW warns that countries such as Bulgaria and Croatia will lose at least 20 per cent of their workforce by 2045, which will have extremely negative consequences for the development of the economy in Southeast Europe in the long term.
This population loss has not even been observed in war,” said Richard Greveson from W IIW and added that additional and disturbing factors are the slowdown of the German and Chinese economy. The lowest demand in Germany will be a particularly negative impact on countries such as Hungary, Poland and Croatia, which is economically dependent on exports, and seems to have taken into account the lack of workforce, can produce major problems.
The good economic growth that has been registered in the region in 2017 and 2018 is already over, reports W 2nd.
In the long run, SEE countries have faced major challenges: demographic decline, lack of readiness for the new digital economy and low automation levels related to competitors from Asia, North America and Western Europe”, W points out II in the study.
