Expat reliance to heighten unemployment in Gulf | GulfNews.com

Expat reliance to heighten unemployment in Gulf | GulfNews.com:

"Gulf Arab oil exporters may see unemployment among their citizens rise in coming years unless they change a decades-old habit of relying on cheap foreign labour, the International Monetary Fund said on Wednesday.
Since the 1970s, millions of mainly low-skilled workers from south and southeast Asia have supported rapid economic growth in the Gulf states.
But this model is unlikely to be sustainable in the six Gulf Cooperation Council (GCC) states — Saudi Arabia, the UAE, Kuwait, Qatar, Oman and Bahrain — because of young, growing populations and high public wage bills, the IMF warned.
“With a rapidly rising youth population, private-sector job creation for GCC nationals has become a challenge and unemployment could rise in the coming years unless more nationals find jobs in the private sector,” the IMF said."

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