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Slow economic growth, high youth unemployment challenge Italy’s future.
Italy’s overall unemployment rate stands at 11.5 percent, but for younger Italians, that statistic is much higher; the most educated in the country’s history, Italy’s young adults are likely to find only temporary work or no work at all. Older workers, many looking to retire soon, enjoy permanent, stable jobs with pensions and benefits.
The UK’s recent vote to leave the European Union (EU) sent shockwaves throughout Europe. Hiring has slowed over the past few months in the wake of Brexit-induced uncertainty. Permanent hiring has dropped to levels not seen since the recession in 2009, according to the UK’s Recruitment and Employment Confederation (REC), while temporary staff hiring is on the rise.
Home to 21 million people, Mumbai is one of the most populous urban areas in the world. It’s known as the ‘Gateway to India’ and the commercial capital of the country, boasting its most international economy.
Despite its challenges with the weakened rupee, skills and talent shortages, and a slowly developing infrastructure, Mumbai is one of the world’s fastest growing economies with steady hiring and projections showing a continuation of the trend for years to come.