World Bank notes that Albania had labor-force benefits from Greek crisis

The latest World Bank report on the economic projections for Central and Eastern European countries focuses, above all, on the impact of immigration on countries experiencing the phenomenon; and Albania is one of them.

Among the countries of the region, Albania is seventh in terms of the impact that remittances have in the country’s gross domestic product, at 8.7%, according to the World Bank estimates for 2017.

Montenegro and Serbia, meanwhile, report a higher rate than Albania, respectively at 9.6% and 9% of the Gross Domestic Product.

The World Bank report focuses not only on the displaced but also on the returning migrants.

In this context, Albania is taken as a positive example, as evidences the fact that the Greek crisis has prompted the rise of labor force in the country, but also in hiring Albanians who have never left the country and who don’t have high skills.

The World Bank states that the Greek crisis has had a positive impact on hiring those who have stayed in the neighboring country.

Among other things, the international institution explains that returning emigrants usually work as self-employed, thus contributing to the economic growth of the country.

Subsequently, the report also focuses on the negative effects of migration, underlining that having a family member in emigration significantly reduces women’s salaries and increases unpaid work.

SCAN

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