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Russians returning to their homeland accelerate the economy

Bloomberg: the return of resettlers to Russia contributes to the growth of the country's GDP

Май 9, 2024 15:21 128

Russians returning to their homeland accelerate the economy  - 1

The return of Russian citizens who left the homeland after the start of the special operation accelerates the growth of the Russian economy, points out analysis of ag. Bloomberg.

Return migration to Russia represents “from one fifth to one third” of 3.6 percent GDP growth in the country in 2023. This is due to the fact that returning relocators often receive wages above the market average and work in industries with high added value. In addition, the return flow of specialists stimulates the service sector in Russia and reduces the outflow of capital, writes Bloomberg.

According to Finion, a company that provides migration services, about 40-45% of those who left the country in 2022 returned to the Russian Federation. More and more Russians who have gone abroad, while in foreign countries, encounter difficulties both in finding work and in the domestic sphere. We often talk about manifestations of xenophobia.