Addressing APAC's immigration paradox

Addressing APAC's immigration paradox

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As surprising as it may sound, the most populated region on the planet is facing an imminent labour shortage. According to the International Monetary Fund’s (IMF) 2023 World Economic Outlook, Asia Pacific (APAC) is currently experiencing a shortfall of more than 12 million workers. The situation is likely to get worse, with the talent gap growing to 47 million—equivalent to the entire population of South Korea—by 20301.

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  1. “Potential talent deficit of 47 million workers in APAC could threaten business growth,” Korn Ferry, 2017

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