Thoughts on the Market

Why Immigration Matters for Global Economies

Aug 19, 2024
Seth Carpenter, Morgan Stanley’s Global Chief Economist, dives into the critical role of immigration in global economies. He discusses how stricter immigration policies could hinder economic growth and fuel inflation. The impact of the COVID pandemic and geopolitical crises, like the Ukrainian refugee situation, is highlighted as they shape current migration trends. Carpenter emphasizes that immigration can enhance both supply and demand, underlining its dual influence on economic dynamics.
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