28 May 2023

GET READY: A New Wave of Mass Migration has begun | The Economist 28 May 2023

A new wave of mass migration has begun

What does it mean for rich-world economies?

 | ST JOHN’S, NEWFOUNDLAND
1.2m people moved to Britain—almost certainly the most ever. 
  • Net migration (ie, immigrants minus emigrants) to Australia is currently twice the rate before the covid-19 pandemic. 
  • Spain’s equivalent figure recently hit an all-time high. 
  • Nearly 1.4m people on net are expected to move to America this year, one-third more than before the pandemic. 
  • In 2022 net migration to Canada was more than double the previous record. 
  • In Germany it was even higher than during the “migration crisis” of 2015. 

The rich world as a whole is in the middle of an unprecedented migration boom. Its foreign-born population is rising faster than at any point in history (see chart 1).

 LINK: The Economist

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