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Remittances Expected to Fall 20% in 2020

Remittances Expected to Fall 20% in 2020

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FintechNews RoundupUSA
··1 min read

The World Bank is estimating that remittances are likely to fall 20% in 2020; for reference, remittances dropped 5% in 2009; the forecast takes into consideration the fall in wages and employment of migrant workers as many work in industries which are reporting significant layoffs; this drop is also expected across all regions of the world, with Central Asia seeing the biggest declines; some remittance services are also currently not available to customers; Quartz shares more on the the remittance market amid the current crisis. Quartz

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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