23/02/2021
Remittance flows in 2021 may not be as slim as feared -study | Reuters
The World Bank in October revised its 2020 estimated drop in flows to low- and middleincome countries to 7% from 19.7% previously, but predicted a further 7.5% dip in 2021.
Remittances to that group of countries rose 4.3% in 2019.
The economies of the top 20 economies where migrant workers are based will rebound
strongly this year, Oxford Economics said. In this context, another large dip in remittance
flows in 2021 would imply an unusually sharp divergence from economic trends, the report
noted.
Editing by William Maclean
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https://www.reuters.com/article/markets-emerging-remittances-idUSL8N2K043D
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