Global remittances may lose how much amount in 2020?

1.	Global remittances may lose how much amount in 2020?
Answer» In accordance with the report by the Asian Development Bank (ADB) published on August 3, 2020, if the economic impact of Covid-19 persists throughout the year then global remittances may fall by $108.6 billion in 2020.Migrant workers are in extreme situations while many others are facing scant job security and limited access to social assistance. In the last three months of the outbreak, global remittances will fall by $108.6 billion in 2020. This is equivalent to an 18.3% decline from what would have been expected without the impact of Covid-19.

Discussion