Emigration 'brain drain' set to hit as recession deepens

Ireland and the UK could see more young people making an international money transfer after leaving university in search of a job, it has been suggested.

According to a survey carried out by students at University College Cork, as many as a fifth of young people are considering emigrating to find employment when they leave university, the Belfast Telegraph reports.

The study suggests the recession is to blame for the number of students considering making an international money transfer and emigrating away from Ireland and the UK, with jobs in short supply across the country.

Both the Irish and UK economies have been hit hard by the global financial turmoil and subsequent recession, with businesses struggling and jobs in short supply.

As a result, many people are looking at other options, such as moving abroad, to find work and a cheaper cost of living.

However, those considering emigrating to Australia have recently been warned to check that their skills are still in high demand.

The Australian Visa Bureau recently announced changes to the skills on its high priority list, with the likes of construction workers being downgraded because of the impact of the global recession on the building sector.

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By Paul Jarvis