Economy · Greece

OECD report shows increasing returns of Greeks from abroad to Greece

8 sourcesFirst reported 19 days agoUpdated 18 days ago

Story Compare

AI summary: catch up in 20 seconds

The OECD report indicates that Greece is experiencing a net return migration for the first time since the financial crisis.
More than half of the Greeks who emigrated during the crisis have returned to Greece.
Young adults aged 20-39 are leading this trend, positioning Greece fourth among OECD countries for return rates.
The return of expatriates may present new challenges for the Greek economy moving forward.
The findings reflect a significant shift in migration patterns, with decreases in emigration since 2020.

Generated by AI from the 8 sources below · always verify with the originals

AI summary: catch up in 20 seconds

Summarising the coverage…

Generated by AI from the 8 sources below · always verify with the originals

The full picture

AI-synthesised from 8 sources · no editorial bias

A recent report from the OECD highlights a notable reversal in migration trends for Greece, indicating that, for the first time since 2009, the number of Greeks returning from abroad has surpassed those leaving. This shift marks a significant change in the country’s demographic landscape, particularly among young individuals aged 20 to 39, positioning Greece as fourth among OECD countries in return migration rates.

The report reveals that approximately six out of ten Greeks who emigrated during the financial crisis are returning, driven by factors including improved employment opportunities and a search for a better quality of life. Data indicates a consistent decline in outflows since 2020, suggesting that the economic conditions prompting mass emigration have begun to stabilize, allowing for an increase in repatriation.

Furthermore, the OECD and European Commission joint study on the Greek diaspora emphasizes the potential for these returning citizens to contribute to the local economy, presenting both opportunities and challenges for Greece as it adapts to this new wave of returnees. The study also discusses how this “brain gain” could aid in revitalizing various sectors within the country.

The full picture

AI-synthesised from 8 sources · no editorial bias

Synthesis generating…

All coverage (8)

In this storyEurozone Banks & Finance

OECD report shows increasing returns of Greeks from abroad to Greece

All coverage (8)

Comments · 0 (subscribers)