• SENSEX
    NIFTY 50
Economy

World Bank predicts "sharpest decline" of remittances due to COVID-19

Updated : April 23, 2020 01:07 PM IST

The projected fall, which would be the "sharpest decline" in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an economic crisis in a host country.
Remittance flows are expected to fall across all World Bank Group regions, most notably in Europe and Central Asia.
World Bank predicts

You May Also Like

Live TV

recommended for you

Advertisement