Finance & economics | Exodus
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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