Wednesday 29 February 2012

gulfnews : Middle East will see 15m vying for jobs in a decade

Over 15 million young people will enter the workforce over the next decade in the Middle East and North Africa (Mena), presenting serious challenges for regional governments, a report has claimed.
The Rapid Growth Markets (RGMs) Forecast report by Ernst & Young, a market research company, said that Mena governments urgently need to develop the non-oil economy to meet growth.
"The average annual growth rate in the labour force in Mena over the next 10 years is expected to be around 2 per cent," Bassam Hage, Mena markets leader at Ernst & Young, said. "While a growing labour force adds to potential growth in the region, creating jobs for this next generation in Mena will be one of the most important economic developments."

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