Coronavirus threatens sharpest decline in global remittances in history

The coronavirus pandemic could cause remittance payments around the world to drop by 20%, the sharpest decline in history — threatening the livelihoods of the families who rely on them, the World Bank projects . Why it matters: Families across the globe are depending on remittances more than ever as the coronavirus crisis batters local economies.

Source: Coronavirus threatens sharpest decline in global remittances in history

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