With a worldwide recession, i.e. economic slump, remittances from sending countries are expected to reduce anywhere from 11% to as high as 26%. Such a downturn in remittances also results in a large exodus of blue-collar workers who are leaving and going back home. Each worker = one family roughly.
How will this affect the economies that depend on remittances?
This page was last updated on July 1, 2021.