Posted on August 17, 2016 by iMFdirect
By Shekhar Aiyar, Christian Ebeke, and Xiaobo Shao
Versions in Français (French), and Español (Spanish)
In parallel to the aging of the general population, the workforce in the euro area is also growing older. This could cause productivity growth to decline in the years ahead, raising another policy challenge for governments already dealing with legacies from the crisis such as high unemployment and debt. Continue reading
Filed under: Advanced Economies, aging, Employment, euro zone, Europe, growth, health, IMF, International Monetary Fund, labor force | Tagged: aging, employment, euro area, Euro Area countries, Europe, health, IMF, International Monetary Fund, labor force, productivity, retirees, training, unemployment, United Kingdom, United States, workers | Leave a comment »
Posted on November 16, 2011 by iMFdirect
By Masood Ahmed
(Version in عربي)
Unemployment rates in the Middle East and North Africa have remained above 10 percent over the past decade, the highest in the world. For the young the rates are even more daunting, at a persistent 25 percent: one in four of the region’s young people are without work. Many people who cannot find jobs in the formal economy are relegated to working in the informal sector, for lower wages and without the protections and opportunities that workers enjoy in the formal economy.
The informal economy is large and pervasive—and, often, ignored; however, the experience of those who work in the informal sector came under the media spotlight when Tunisian street vendor Mohamed Bouazizi set himself on fire that fateful day in December last year, sparking the Arab Spring protests.
Estimates indicate that the informal economy in the oil-importing countries of the Middle East and North Africa is substantially larger than in several Asian and Latin American countries. In Morocco, for example, the informal economy is estimated at 44 percent of officially measured GDP. In most other oil importers, it is estimated at close to one-third.
Filed under: Economic research, Employment, growth, Inequality, Middle East | Tagged: Arab Spring, Bouazizi, Egypt, employment, governance, inclusive growth, informal sector, jobs, Labor, Lebanon, Morocco, protest, regulation, Syria, tax, Tunisia, workers | 10 Comments »