Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

EU forecasts economic boon from influx of migrants

byCustoms Today Report
06/11/2015
in Uncategorized
Share on FacebookShare on Twitter

You might also like

Gold price jumps Rs5,700 per tola

22/08/2026

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

22/08/2026

BRUSSELS: European Union officials on Thursday put a positive economic spin on the bloc’s refugee crisis.
In a forecast, officials predicted that the three million migrants expected over the next three years would provide at least a small lift — a net gain of perhaps a quarter of 1 percent to the European economy by 2017.
With that prediction, the European Commission, the bloc’s executive arm, used one of its periodic economic forecasts to wade into one of the most divisive issues Europe has faced in decades: migration.
The arrival this year of large numbers of people from Syria and other war-torn countries has driven a wedge between countries like Germany that have sought a more accommodating stance and those like Hungary, which want far tighter border controls.
The commission, in its autumn economic forecast, said “the arrival of large numbers of asylum seekers” would require increases in public spending to manage the influx — spending that would provide a stimulus to the European economy.
There would also be an additional positive impact from the increase in workers, “provided the right policies are in place to facilitate access to the labor market,” the commission said in a news release.
Some analysts questioned whether the European Commission was being too optimistic in its forecast — whether because too few of the newcomers will have the right job skills or be young enough to make long-term contributions to the economy, or because too few countries are ready to absorb the migrants.
“Member states have very different philosophies about how soon migrants can actually be integrated into the labor market,” said Stephen Booth, the co-director of Open Europe, a research group in London. “Germany has been willing to allow those seeking asylum to take jobs more quickly than, say, countries like France.’’
The commission’s report acknowledged that the European recovery has been slow. And it warned against expectations of a rapid turnaround because of challenges that include the slowdown in China and regional tensions created by a standoff with Russia over Ukraine.

Tags: EU forecasts economic boon from influx of migrants

Related Stories

Gold price jumps Rs5,700 per tola

byCT Report
22/08/2026

KARACHI: Gold prices surged in both international and domestic markets, with the price of gold rising by $57 per ounce...

PVARA completes Pakistan’s Virtual Asset Framework, opens licensing portal

byCT Report
22/08/2026

ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority (PVARA) has opened its licensing portal for virtual asset service providers. The move completes...

KP approves Digital Payment Act to promote cashless economy

byCT Report
22/08/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Khyber Pakhtunkhwa Promotion of Digital Payment Act 2026, aiming to promote digital...

Aurangzeb, SRF delegation, discuss investment opportunities, economic cooperation

byCT Report
22/08/2026

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a meeting with a high-level delegation of the Silk...

Next Post

Venezuelan crude sales to US rise in Oct

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.