Russia's economy faces unprecedented labor shortage

hotnews.ro (Romanian)

Russia faces an unprecedented labor shortage, impacting its entire economy. The Central Bank is closely monitoring the labor market for monetary policy decisions. The Economic Development Minister stated Russia's talent pool is nearly exhausted, necessitating increased productivity from existing workers. Analysts estimate the talent reserve has shrunk by three million since 2021, exacerbated by demographic decline, brain drain, and war economy demands. Stricter immigration policies have also reduced the foreign workforce.


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